A Note on Budget Balance under Interim Participation Constraints: The Case of Independent Types

Tilman Börgers () and Peter Norman ()

Microeconomics.ca working papers from Vancouver School of Economics

Abstract: We provide a simple proof of the equivalence between ex ante and ex post budget balance constraints in Bayesian mechanism design with independent types when participation decisions are made at the interim stage. The result is given an interpretation in terms of efficient allocation of risk.

Pages: 15 pages
Date: 2005-02-08, Revised 2005-06-23
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Citations: View citations in EconPapers (2)

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Related works:
Journal Article: A note on budget balance under interim participation constraints: the case of independent types (2009)
Working Paper: A Note on Budget Balance under Interim Participation Constraints: The Case of Independent Types (2005)
Working Paper: A Note on Budget Balance under Interim Participation Constraints: The Case of Independent Types (2005)
Working Paper: A Note on Budget Balance under Interim Participation Constraints: The Case of Independet Types (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:ubc:pmicro:norman-05-02-08-08-39-42

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