Mechanism design with two alternatives in Quasi-linear environment

Thierry Marchant and Debasis Mishra

Discussion Papers from Indian Statistical Institute, Delhi

Abstract: We study mechanism design in quasi-linear environments when there are two alternatives. We show that under a mild range condition, every implementable deterministic allocation rule is a generalized utility function maximizer. In unbounded domains, if we replace our range condition by an independence condition, then every implementable deterministic allocation rule is an affine maximizer. Our results extend Roberts' affine maximizer theorem (Roberts, 1979) to the case of two alternatives.

Keywords: Roberts theorem; dominant strategy mechanism design; affine maximizer; generalized utility function maximizer (search for similar items in EconPapers)
JEL-codes: D02 D04 D44 D71 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2012-09
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Journal Article: Mechanism design with two alternatives in quasi-linear environments (2015)
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