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The structure of (local) ordinal Bayesian incentive compatible random rules

Madhuparna Karmokar and Souvik Roy

MPRA Paper from University Library of Munich, Germany

Abstract: We explore the structure of local ordinal Bayesian incentive compatible (LOBIC) random Bayesian rules (RBRs). We show that under lower contour monotonicity, almost all (with Lebesgue measure 1) LOBIC RBRs are local dominant strategy incentive compatible (LDSIC). We also provide conditions on domains so that unanimity implies lower contour monotonicity for almost all LOBIC RBRs. We provide sufficient conditions on a domain so that almost all unanimous RBRs on it (i) are Pareto optimal, (ii) are tops-only, and (iii) are only-topset. Finally, we provide a wide range of applications of our results on the unrestricted, single-peaked (on graphs), hybrid, multiple single-peaked, single-dipped, single-crossing, multidimensional separable, lexicographic, and domains under partitioning. We additionally establish the marginal decomposability property for both random social choice functions and almost all RBRs on multi-dimensional domains, and thereby generalize Breton and Sen (1999). Since OBIC implies LOBIC by definition, all our results hold for OBIC RBRs.

Keywords: random Bayesian rules; random social choice functions; (local) ordinal Bayesian incentive compatibility; (local) dominant strategy incentive compatibility (search for similar items in EconPapers)
JEL-codes: D71 D82 (search for similar items in EconPapers)
Date: 2020-10-12
New Economics Papers: this item is included in nep-des and nep-mic
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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https://mpra.ub.uni-muenchen.de/105257/1/MPRA_paper_105257.pdf revised version (application/pdf)

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