Publication: A geometric approach to mechanism design
A geometric approach to mechanism design
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Goeree, J. K., & Kushnir, A. (2013). A geometric approach to mechanism design (No. 56; Working Paper Series / Department of Economics).
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We develop a novel geometric approach to mechanism design using an important result in convex analysis: the duality between a closed convex set and its support function. By deriving the support function for the set of feasible interim values we extend the wellknown Maskin-Riley-Matthews-Border conditions for reduced-form auctions to social choice environments. We next refine the support function to include incentive constraints using a geometric characterization of incentive compatibility. Borrowing results from majorization theory th
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Goeree, J. K., & Kushnir, A. (2013). A geometric approach to mechanism design (No. 56; Working Paper Series / Department of Economics).
