Closure under interim utility equivalence implies two-agent Bayesian implementation

B-Tier
Journal: Games and Economic Behavior
Year: 2020
Volume: 121
Issue: C
Pages: 108-116

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

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.

Technical Details

RePEc Handle
repec:eee:gamebe:v:121:y:2020:i:c:p:108-116
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25