Nath, Swaprava; Zoeter, Onno - In: Economics Letters 121 (2013) 2, pp. 321-325
The impossibility result by Jehiel and Moldovanu says that in a setting with interdependent valuations, any efficient and ex-post incentive compatible mechanism must be a constant mechanism. Mezzetti circumvents this problem by designing a two stage mechanism where the decision of allocation and...