Korpela, V. and Lombardi, M. (2020) Closure under interim utility equivalence implies two-agent Bayesian implementation. Games and Economic Behavior, 121, pp. 108-116. (doi: 10.1016/j.geb.2020.02.006)
Text
210678.pdf - Accepted Version 320kB |
Abstract
We study the relationship between the two-agent implementation problem and the concept of interim efficiency of Holmström and Myerson (1983) in Bayesian environments with private values and independent types. We present a general property, called closure under interim utility equivalence, and show it is sufficient for the implementation of social choice functions. This condition, when combined with another property, called interim inseparability, is also sufficient for the implementation of essentially single-valued social choice sets. The characterization results are then examined in a variety of environments.
Item Type: | Articles |
---|---|
Status: | Published |
Refereed: | Yes |
Glasgow Author(s) Enlighten ID: | Lombardi, Dr Michele |
Authors: | Korpela, V., and Lombardi, M. |
College/School: | College of Social Sciences > Adam Smith Business School > Economics |
Journal Name: | Games and Economic Behavior |
Publisher: | Elsevier |
ISSN: | 0899-8256 |
ISSN (Online): | 1090-2473 |
Published Online: | 21 February 2020 |
Copyright Holders: | Copyright © 2020 Elsevier Inc. |
First Published: | First published in Games and Economic Behavior 121: 108-116 |
Publisher Policy: | Reproduced in accordance with the publisher copyright policy |
University Staff: Request a correction | Enlighten Editors: Update this record