Palfrey, Thomas R; Srivastava, Sanjay - In: Journal of Political Economy 97 (1989) 3, pp. 668-91
The main result of this paper is that the multiple equilibrium problem in mechanism design can be avoided in private-value models if agents do not use weakly-dominated strategies in equilibrium. The authors show that, in such settings, any incentive-compatible allocation rule can be made the...