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This paper studies when the presence of a small degree of ambiguity guarantees efficient implementation in general mechanism design settings. First, we show that if approximately efficient allocations are implementable in a Bayesian environment, then exactly efficient allocations are...
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satisfy self-selection constraints and first-best incentives. This paper demonstrates that efficiency can be achieved by a …
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I study a market where agents with jointly owned heterogeneous goods trade subject to the constraint that each agent ends up with one good. In this market the existence of an efficient, incentive compatible, individually rational and budget balanced mechanism depends on the shares of the agents....
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. Firms have different costs, and cost efficiency is private information at the auction stage and the market competition stage …
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spending efficiency in developing Asia. Using data envelopment analysis, we find that East Asia has the highest average output …- and input-oriented technical efficiency scores among the subregions. Universal health coverage service coverage index and … population density have the strongest effect on health spending efficiency. In addition, using the novel framework of macro …
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