Segal, Ilya; Whinston, Michael D. - In: Theoretical economics : TE ; an open access journal in … 6 (2011) 1, pp. 109-125
We consider Bayesian incentive-compatible mechanisms with independent types and either private values or interdependent values that satisfy a form of "congruence." We show that in these settings, interim participation constraints are satisfied when the status quo is the randomized allocation...