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We consider general social choice environments with private values and correlated types. Each agent's matrix of conditional probabilities satisfies the full rank condition. We show that for any Bayesian incentive compatible mechanism there exists a dominant strategy incentive compatible...
Persistent link: https://www.econbiz.de/10009781889
A costless signaling mechanism has been proposed as a device to improve welfare in decentralized two-sided matching markets. An example of such an environment is a job market for new Ph.D. economists. We study a market game of incomplete information between firms and workers and show that...
Persistent link: https://www.econbiz.de/10008811007
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We extend the equivalence between Bayesian and dominant strategy implementation established by Gershkov et al. (Econometrica, 2013) to environments with non-linear utilities satisfying the average single-crossing property and the convex-valued assumption. The new equivalence result produces...
Persistent link: https://www.econbiz.de/10011389528
Persistent link: https://www.econbiz.de/10011771488
For any linear transformation and two convex closed sets, we provide necessary and sufficient conditions for when the transformation of the intersection of the sets coincides with the intersection of their images. We also identify analogous conditions for non-convex sets, general...
Persistent link: https://www.econbiz.de/10011729080
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We show that for any mechanism there exists an equivalent dominant strategy incentive compatible mechanism for social choice environments with correlated types when agent's matrix of conditional probabilities satisfies the full rank condition
Persistent link: https://www.econbiz.de/10012866270
We consider general social choice environments with private values and correlated types. Each agent's matrix of conditional probabilities satisfies the full rank condition. We show that for any Bayesian incentive compatible mechanism there exists a dominant strategy incentive compatible...
Persistent link: https://www.econbiz.de/10013077800
We consider a standard social choice environment with linear utilities and independent, one-dimensional, private types. We prove that for any Bayesian incentive compatible mechanism there exists an equivalent dominant strategy incentive compatible mechanism that delivers the same interim...
Persistent link: https://www.econbiz.de/10012866267