Endogenous shareholding auctions are exactly the efficient, strategy-proof, envy-free, and voluntary mechanisms for a monopolist eliciting demand under production, with VCG producer-optimal and valvular auctions consumer-optimal.
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Endogenous shareholding auctions
Endogenous shareholding auctions are exactly the efficient, strategy-proof, envy-free, and voluntary mechanisms for a monopolist eliciting demand under production, with VCG producer-optimal and valvular auctions consumer-optimal.