Mechanism Design with Incomplete Information: A Solution to the Implementation Problem.

S-Tier
Journal: Journal of Political Economy
Year: 1989
Volume: 97
Issue: 3
Pages: 668-91

Authors (2)

Score contribution per author:

4.022 = (α=2.01 / 2 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

The main result of this paper is that the multiple equilibrium problem in mechanism design can be avoided in private-value models if agents do not use weakly-dominated strategies in equilibrium. The authors show that, in such settings, any incentive-compatible allocation rule can be made the unique equilibrium outcome to a mechanism. They derive a general necessary condition for unique implementation that implies that the positive result for private-value models applies with considerably less generality to common-value settings. Copyright 1989 by University of Chicago Press.

Technical Details

RePEc Handle
repec:ucp:jpolec:v:97:y:1989:i:3:p:668-91
Journal Field
General
Author Count
2
Added to Database
2026-01-28