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Year of publication
Subject
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BIC-DIC equivalence 1 Hotelling's lemma 1 Mechanism design 1 concave objectives 1 convex set 1 duality 1 interdependent values 1 ironing 1 majorization 1 reduced-from implementation 1 second-best mechanisms 1 support function 1
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Online availability
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Free 1
Type of publication
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Book / Working Paper 1
Language
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English 1
Author
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Goeree, Jacob K 1 Kushnir, Alexey 1
Institution
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Institut für Volkswirtschaftslehre, Wirtschaftswissenschaftliche Fakutät 1
Published in...
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ECON - Working Papers 1
Source
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RePEc 1
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A geometric approach to mechanism design
Goeree, Jacob K; Kushnir, Alexey - Institut für Volkswirtschaftslehre, … - 2011
We develop a novel geometric approach to mechanism design using an important result in convex analysis: the duality between a closed convex set and its support function. By deriving the support function for the set of feasible interim values we extend the wellknown Maskin-Riley-Matthews-Border...
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