Implementation of reduced form mechanisms: a simple approach and a new characterization

Sergiu Hart and Philip Reny ()

Economic Theory Bulletin, 2015, vol. 3, issue 1, No 1, 8 pages

Abstract: Abstract We provide a new characterization of implementability of reduced form mechanisms in terms of straightforward second-order stochastic dominance. In addition, we present a simple proof of Matthews (1984) conjecture, proved by Border (1991), on implementability.

Keywords: Mechanism design; Auctions; Reduced form mechanism; Stochastic dominance; Implementability; Interim probabilities (search for similar items in EconPapers)
JEL-codes: C6 C7 D4 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (15)

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Related works:
Working Paper: Implementation of Reduced Form Mechanisms: A Simple Approach and a New Characterization (2011)
Working Paper: Implementation of Reduced Form Mechanisms: A Simple Approach and a New Characterization (2011)
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DOI: 10.1007/s40505-014-0055-3

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