A Sufficient Condition for Bayesian Implementation with Side Payments

Bong-Ju Kim
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Bong-Ju Kim: National Assembly Research Service

Korean Economic Review, 2013, vol. 29, 429-445

Abstract: It is well-known that with three agents and more, Bayesian monotonicity and the selfselection condition are both necessary and sufficient for Bayesian implementation in a general environment. Matsushima (1993) identified a condition, Condition 1, which is equivalent to Bayesian monotonicity under the strict self-selection (SSS) condition in an environment with side payments. This paper identifies a condition that is equivalent to Bayesian monotonicity under the self-selection condition in an environment with side payments when the prior probability is independently distributed. This condition identified here is weak in that its combination with the self-selection condition is weaker than the SSS condition.

Keywords: Bayesian Implementation; Side Payments; Strict Self-selection; Bayesian Monotonicity (search for similar items in EconPapers)
JEL-codes: C72 D71 D82 (search for similar items in EconPapers)
Date: 2013
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