Abstract
This paper designs an allotment mechanism for a limited amount of an infinitely divisible good (resource) among a finite number of agents under transferable utility. The mechanism is efficient in the sense of total agents’ utility maximization. As a solution, we introduce an adaptation of the Groves–Ledyard “quadratic government” that was initially suggested for the problem of public good.
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Original Russian Text © N.A. Korgin, V.O. Korepanov, 2013, published in Upravlenie Bol’shimi Sistemami, 2013, No. 46, pp. 216–265.
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Korgin, N.A., Korepanov, V.O. An efficient solution of the resource allotment problem with the Groves–Ledyard mechanism under transferable utility. Autom Remote Control 77, 914–942 (2016). https://doi.org/10.1134/S0005117916050131
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DOI: https://doi.org/10.1134/S0005117916050131