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.
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.
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.
| 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, Nutzenfunktion, Nichtlineare Funktionalanalysis, Bayes-Verfahren, Stochastische Dominanz, Mechanismus-Design-Theorie, Agency-Theorie |
| Language: | English |
| Date: | November 2015 |
| Deposited On: | 01 Dec 2015 16:01 |
| Last Modified: | 27 Nov 2020 07:24 |
| Series Name: | Working paper series / Department of Economics |
| Number of Pages: | 22 |
| ISSN: | 1664-7041 |
| OA Status: | Green |
| Official URL: | http://www.econ.uzh.ch/static/wp/econwp212.pdf |
| Related URLs: | http://www.econ.uzh.ch/static/workingpapers-new.php |
Kushnir, Alexey