Mylovanov, Timofiy; Tröger, Thomas - In: Theoretical economics : TE ; an open access journal in … 7 (2012) 3, pp. 465-488
We show that a solution to the problem of mechanism selection by an informed principal exists in a large class of environments with “generalized private values”: the agents’ payoff functions are independent of the principal’s type. The solution is an extension of Maskin and Tirole’s...