Bayesian and Dominant-Strategy Implementation in the Independent Private-Values Model

Alejandro M. Manelli; Daniel R. Vincent

doi:10.3982/ecta8025

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Econometrica Vol. 78 No. 6 2010

Bayesian and Dominant-Strategy Implementation in the Independent Private-Values Model

Alejandro M. Manelli¹; Daniel R. Vincent^2,3

¹ Arizona State University · ² Linde (United States) · ³ University of Maryland, College Park

open access

Abstract

We prove—in the standard independent private-values model—that the outcome, in terms of interim expected probabilities of trade and interim expected transfers, of any Bayesian mechanism can also be obtained with a dominant-strategy mechanism.

DOI: 10.3982/ecta8025
Volume: 78
Issue: 6
Pages: 1905-1938
Language: en
Sources: bibtex:phds-export.bib openalex crossref

Bayesian and Dominant-Strategy Implementation in the Independent Private-Values Model

Abstract

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