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Interest in behavioral economics has grown in recent years, stimulated largely by accumulating evidence that the standard model of consumer decision making provides an inadequate, positive description of human behavior. Behavioral models are increasingly finding their way into policy evaluation,...
Persistent link: https://www.econbiz.de/10009450301
[This item is a preserved copy. To view the original, visit http://econtheory.org/] 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...
Persistent link: https://www.econbiz.de/10009455286