Efficient Auctions and Interdependent Types

S-Tier
Journal: American Economic Review
Year: 2012
Volume: 102
Issue: 3
Pages: 319-24

Score contribution per author:

2.681 = (α=2.01 / 3 authors) × 4.0x S-tier

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

Abstract

We consider the efficient allocation of a single good with interdependent values in a quasi-linear environment. We present an approach to modeling interdependent preferences distinguishing between "payoff types" and "belief types" and report a characterization of when the efficient allocation can be partially Bayesian implemented on a finite type space. The characterization can be used to unify a number of sufficient conditions for efficient partial implementation in this classical auction setting. We report how a canonical language for discussing interdependent types - developed in a more general setting by Bergemann, Morris and Takahashi (2011) - applies in this setting and note by example that this canonical language will not allow us to distinguish some types in the payoff type - belief type language.

Technical Details

RePEc Handle
repec:aea:aecrev:v:102:y:2012:i:3:p:319-24
Journal Field
General
Author Count
3
Added to Database
2026-01-24