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It has been shown by Maskin and Tirole (1990, proposition 11) that with quasi-linear preferences and private values, an informed principal neither gains nor loses if her private information is revealed before contracting takes place. The note shows that this result may not hold when the agent...
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This paper studies communication mechanisms for two players with symmetric single-peaked preferences. The peaks are privately known and drawn from a uniform distribution before the agents take a collective decision. While for the general setting Moulin (1980) characterized all strategy-proof...
Persistent link: https://www.econbiz.de/10010635118
We consider the problem of mechanism design by a principal who has private information. We point out a simple condition under which the privacy of the principal's information is irrelevant in the sense that the mechanism implemented by the principal coincides with the mechanism that would be...
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