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On the equivalence of Bayesian and dominant strategy implementation: the case of non-linear utilities


Kushnir, Alexey; Shuo, Liu (2015). On the equivalence of Bayesian and dominant strategy implementation: the case of non-linear utilities. Working paper series / Department of Economics 212, University of Zurich.

Abstract

We extend the equivalence between Bayesian and dominant strategy implementation established by Gershkov et al. (Econometrica, 2013) to environments with non-linear utilities satisfying the average single-crossing property and the 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.

Abstract

We extend the equivalence between Bayesian and dominant strategy implementation established by Gershkov et al. (Econometrica, 2013) to environments with non-linear utilities satisfying the average single-crossing property and the 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.

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Additional indexing

Item Type:Working Paper
Communities & Collections:03 Faculty of Economics > Department of Economics
Working Paper Series > Department of Economics
Dewey Decimal Classification:330 Economics
JEL Classification:D82
Uncontrolled Keywords:Bayesian implementation, dominant strategy implementation, mechanism design, non-linear utilities, single-crossing
Language:English
Date:November 2015
Deposited On:01 Dec 2015 16:01
Last Modified:16 Aug 2017 15:21
Series Name:Working paper series / Department of Economics
Number of Pages:22
ISSN:1664-7041
Official URL:http://www.econ.uzh.ch/static/wp/econwp212.pdf
Related URLs:http://www.econ.uzh.ch/static/workingpapers-new.php

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