Payoff equivalence between Bayesian and ex post individually rational dominant strategy mechanisms

B-Tier
Journal: Economic Theory
Year: 1999
Volume: 13
Issue: 1
Pages: 229-237

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

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

Abstract

An efficient, interim individually rational, ex post budget balanced Bayesian mechanism is shown to be payoff equivalent to an ex post individually rational and ex ante budget balanced dominant strategy mechanism. This result simplifies the search for mechanisms that implement efficient allocation rules by pointing to a class of Groves mechanisms. It eliminates the strict requirement of common knowledge of priors and can be applied to many problems of incomplete information.

Technical Details

RePEc Handle
repec:spr:joecth:v:13:y:1999:i:1:p:229-237
Journal Field
Theory
Author Count
1
Added to Database
2026-01-25