Dominant-strategy and Bayesian incentive compatibility in multi-object trading environments

B-Tier
Journal: Journal of Mathematical Economics
Year: 2019
Volume: 82
Issue: C
Pages: 214-226

Authors (2)

Manelli, Alejandro M. (not in RePEc) Vincent, Daniel R. (University of Maryland)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

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

Abstract

When a single-object is to be traded, Bayesian and dominant-strategy incentive compatible mechanisms are interim-utility equivalent in independent, private-values environments; in the same environments, the equivalence breaks down when there are many distinct, indivisible objects to trade. We show that the fixed supply of each type of good imposes strong restrictions on the mechanisms that can be implemented. These restrictions can then be used to determine whether a given Bayesian mechanism has an equivalent dominant-strategy mechanism in a multi-unit model.

Technical Details

RePEc Handle
repec:eee:mateco:v:82:y:2019:i:c:p:214-226
Journal Field
Theory
Author Count
2
Added to Database
2026-01-29