Bayesian implementation in exchange economies with state dependent feasible sets and private information

Lu Hong
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Lu Hong: Department of Economics, Syracuse University, 110 Eggers Hall, Syracuse, NY 13244, USA

Social Choice and Welfare, 1996, vol. 13, issue 4, 433-444

Abstract: This paper considers the problem of implementation for exchange economies with state dependent feasible sets. Agents are assumed to have private information about their endowments. We provide necessary and sufficient conditions for social choice rules that are Bayesian implementable by feasible mechanisms for such an environment. We compare our main result to the Nash implementation result derived in an environment of complete information.

Date: 1996
Note: Received: 30 September 1994/Accepted: 16 May 1995
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