On the optimality of not allocating Articles uri icon

publication date

  • November 2014

start page

  • 233

end page

  • 235

issue

  • 2

volume

  • 125

International Standard Serial Number (ISSN)

  • 0165-1765

Electronic International Standard Serial Number (EISSN)

  • 1873-7374

abstract

  • We show that the commitment to not allocate may be exploited by a seller/social planner to increase the expected social surplus that can be achieved in the sale of an indivisible unit.

keywords

  • auctions; efficiency; mechanism design