Implementation of Reduced Form Mechanisms: A Simple Approach and a New Characterization

Sergiu Hart and Philip Reny ()

Discussion Paper Series from The Federmann Center for the Study of Rationality, the Hebrew University, Jerusalem

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.

Pages: 8 pages
Date: 2011-12
New Economics Papers: this item is included in nep-mic
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Related works:
Journal Article: Implementation of reduced form mechanisms: a simple approach and a new characterization (2015)
Working Paper: Implementation of Reduced Form Mechanisms: A Simple Approach and a New Characterization (2011)
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