Reduced form implementation for environments with value interdependencies

Jacob Goeree and Alexey Kushnir ()

Games and Economic Behavior, 2016, vol. 99, issue C, 250-256

Abstract: We provide a unified and simple treatment of reduced-form implementation for general social choice problems and extend it to environments with value interdependencies. We employ the geometric approach developed by Goeree and Kushnir (2016) to characterize the set of feasible interim agent values (agent utilities excluding transfers) by deriving the analytical expression of its support function. As an application, we use the reduced-form implementation to analyze second-best mechanisms in environments with value interdependencies.

Keywords: Mechanism design; Convex analysis; Reduced-form implementation; Social choice; Interdependent values; Convex set; Support function (search for similar items in EconPapers)
JEL-codes: D44 D82 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:gamebe:v:99:y:2016:i:c:p:250-256

DOI: 10.1016/j.geb.2016.08.008

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