A Note on Budget Balance Under Interim Participation Constraints : The Case of Independent Types

We provide a simple proof of the equivalence between ex ante and ex post budget balance constraints in Bayesian mechanism design with independent types when participation decisions are made at the interim stage. The result is given an interpretation in terms of efficient allocation of risk

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Year of publication:	2005
Authors:	Börgers, Tilman ; Norman, Peter
Publisher:	[S.l.] : SSRN
Subject:	Asymmetrische Information \| Asymmetric information \| Risikomodell \| Risk model \| Matching \| Mechanismus-Design-Theorie \| Mechanism design

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Extent:	1 Online-Ressource (18 p)
Type of publication:	Book / Working Paper
Language:	English
Other identifiers:	10.2139/ssrn.713043 [DOI]
Classification:	D79 - Analysis of Collective Decision-Making. Other ; D82 - Asymmetric and Private Information
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014065218