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mechanism for which there exist equilibria and for which (weak) efficiency is achieved as the economy grows in the face of …
Persistent link: https://www.econbiz.de/10005135078
We study Bayesian mechanism design in situations where agents' information may be multi-dimensional, concentrating on mechanisms that lead to efficient allocations. Our main result is that a generalization of the well-known Vickrey-Clarke-Groves mechanism maximizes the planner's "revenue'' among...
Persistent link: https://www.econbiz.de/10005118596
The years following the Second World War were those of the greatest economic growth that Europe had ever seen. If the …. Since 1973, with petroleum crashes, the process of growth has slowed down in Europe, but it was only after 1985 that Ireland …
Persistent link: https://www.econbiz.de/10005076554
The years following the Second World War were those of the greatest economic growth that Europe had ever seen. If the …. Since 1973, with petroleum crashes, the process of growth has slowed down in Europe, but it was only after 1985 that Ireland …
Persistent link: https://www.econbiz.de/10005556858