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The mechanism designer must allocate 10 identical objects. There is no cost associated with allocating the objects. There are more than 10 individuals interested in
The mechanism designer must allocate 10 identical objects. There is no cost associated with allocating the objects. There are more than 10 individuals interested in receiving an object. Each individual i would like to receive at most one object. The utility of individual i is given by ui = viqi ti , where vi 0 is i's private value for receiving an object, and qi = 1 if i receives an object and qi = 0 otherwise. (a) Find all Pareto efficient outcomes. (b) Find the VCG mechanism for this problem. (c) Does the VCG mechanism run a deficit
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