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We study deterministic voting mechanisms by considering an ordinal notion of Bayesian incentive compatibility (OBIC). If the beliefs of agents are independent and generic, we show that any OBIC mechanism is dominant strategy incentive compatible under an additional mild requirement. Our result...
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We show that the mechanism design problem for a monopolist selling multiple heterogeneous objects with ex ante symmetric values for the buyer is equivalent to the mechanism design problem for a monopolist selling identical objects with decreasing marginal values. We apply this equivalence result...
Persistent link: https://www.econbiz.de/10014076679
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/10012954673
We explore the consequences of weakening the notion of incentive compatibility from strategy-proofness to ordinal Bayesian incentive compatibility (OBIC) in the random assignment model. If the common prior of the agents is a uniform prior, then a large class of random mechanisms are OBIC with...
Persistent link: https://www.econbiz.de/10013244331
A set of jobs need to be served by a server which can serve only one job at a time. Jobs have processing times and incur waiting costs (linear in their waiting time). The jobs share their costs through compensation using monetary transfers. In the first part, we provide an axiomatic...
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