Reduced-form mechanism design and ex post fairness constraints

Erya Yang ()
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Erya Yang: University of California

Economic Theory Bulletin, 2021, vol. 9, issue 2, No 9, 269-293

Abstract: Abstract This paper incorporates fairness constraints into the classic single-unit reduced-form implementation problem (Border in Econometrica, 59(4):1175–1187, 1991, Econ Theory 31(1):167–181, 2007; Che et al. in Econometrica 81(6): 2487–2520, 2013; Manelli and Vincent in Econometrica, 78(6):1905–1938, 2010) with two agents. To do so, I use a new approach that utilizes the results from Kellerer (Math Ann 144(4):323–344, 1961) and Gutmann et al. (Ann Prob 19(4):1781–1797, 1991). Under realistic assumptions on the constraints, the conditions are transparent and can be verified in polynomial time.

Keywords: Reduced-form auctions; Implementation; Border’s theorem; welfare maximization; Fairness (search for similar items in EconPapers)
JEL-codes: D82 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (3)

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DOI: 10.1007/s40505-021-00211-1

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