Showing 1 - 9 of 9
Persistent link: https://www.econbiz.de/10010479514
Persistent link: https://www.econbiz.de/10011304974
Persistent link: https://www.econbiz.de/10011348300
This paper studies a model of mechanism design with transfers where agents' preferences need not be quasilinear. In such a model, (1) we characterize dominant strategy incentive compatible mechanisms using a monotonicity property; (2) we establish a revenue uniqueness result: for every dominant...
Persistent link: https://www.econbiz.de/10012308444
We give a sufficient condition on the type space for revenue equivalence when the set of social alternatives consists of probability distributions over a finite set. Types are identified with real-valued functions that assign valuations to elements of this finite set, and the type space is...
Persistent link: https://www.econbiz.de/10011702275
Persistent link: https://www.econbiz.de/10012108626
This paper studies a model of mechanism design with transfers where agents' preferences need not be quasilinear. In such a model, (1) we characterize dominant strategy incentive compatible mechanisms using a monotonicity property; (2) we establish a revenue uniqueness result: for every dominant...
Persistent link: https://www.econbiz.de/10011657364
Persistent link: https://www.econbiz.de/10012663423
We characterize the boundaries of the set of transfers (extremal transfers) implementing a given allocation rule without imposing any assumptions on the agentʼs type space or utility function besides quasi-linearity. Exploiting the concept of extremal transfers allows us to obtain an exact...
Persistent link: https://www.econbiz.de/10011042935