On the equivalence of Bayesian and dominant strategy implementation for environments with nonlinear utilities

B-Tier
Journal: Economic Theory
Year: 2019
Volume: 67
Issue: 3
Pages: 617-644

Authors (2)

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

Abstract We extend the equivalence between Bayesian and dominant strategy implementation (Manelli and Vincent in Econometrica 78:1905–1938, 2010; Gershkov et al. in Econometrica 81: 197–220, 2013) to environments with nonlinear utilities satisfying a property of increasing differences over distributions and a convex-valued assumption. The new equivalence result produces novel implications to the literature on the principal-agent problem with allocative externalities, environmental mechanism design, and public good provision.

Technical Details

RePEc Handle
repec:spr:joecth:v:67:y:2019:i:3:d:10.1007_s00199-018-1124-x
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25