Bayesian Incentive Compatible Parametrization of Mechanisms

We consider a general scheme to construct Bayesian incentive compatible mechanisms using a suitable 'variable mechanism parametrization.' The key idea is to perturb a given direct mechanism, which might not be truth revealing, introducing sufficient variability as a function of agents' announcements to generate incentives for truthful revelation. We discuss a variable-price auction in a general setting as an example

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Year of publication:	[2007]
Authors:	Weber, Thomas A.
Other Persons:	Bapna, Abhishek (contributor)
Publisher:	[2007]: [S.l.] : SSRN
Subject:	Prinzipal-Agent-Theorie \| Agency theory \| Auktionstheorie \| Auction theory \| Allokation \| Allocation

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