Koray, Semih; Saglam, Ismail - In: Journal of Regulatory Economics 28 (2005) 1, pp. 5-21
This paper analyzes the Baron and Myerson’s (B–M) (Econometrica 50: 911–930 [1982]) scheme of monopoly regulation, a standard representative of Bayesian mechanisms. As is well known, the hboxB–M mechanism (and other related mechanisms) have as an explicit starting point the assumption...