Selling Mechanism with Passive Reassignment

Topic:

Selling Mechanism with Passive Reassignment

Time&Date: 

 12:00-13:00 pm, 2019/10/24 (Thursday)

Venue:

 Room 619, Teaching A Building

Speaker:

Dr. Xin Feng (Nanjing University)

Abstract:

A seller produces and sells products to consumers of mass one through a selling mechanism. Consumers are endowed with bi-dimensional private information on their own values and entry costs. Each consumer demands up to one unit of the product. We study both efficient and revenue-maximizing selling mechanisms with passive reassignment, which allows the possibility of allocating the products to non-participating consumers.