The design of resource allocation mechanisms

Dynamic Resource Allocation Withself-|Interested Agents in the Upstream Oil & Gas Iindustry

“…Hence, the agent will reveal their direct type and create a mechanism as defined (Dasgupta et al, 1979;Hurwicz, 1973;Mas-Colell et al, 1995;Maskin, (2007);Myerson, 1981;Parkes, 2001;Vickrey, 1961): The next section presents an example where we model the principal-agent relationship using an incentive scheme to se how payment amount affects the agent's effort.…”

Proceedings of the workshop on national/regional energy-environmental modeling concepts, May 30-June 1, 1979

“…Since each decision making unit requires certain resources in order to carryon its activities, it is common for subordinate units to compete with each other for any resources which must be shared. Organizational decision processes involving the resolution of conflicts stemming from the allocation of scarce shared resources are commonly referred to as resource allocation processes (Freedland 1975, Hurwicz 1972, Ruefli 1974.…”

Decentralized information and the Walrasian outcome: a pairwise meetings market with private values

“…The question of how decentralized information of this kind may interfere with market performance was first raised by Hayek (1945), Arrow (1959) and Hurwicz (1973), among others. The issue is an important one: when being asked to report it, traders may strategically lie about their private information, thereby distorting the true demand and supply curves and creating inefficiencies.…”