Bayesian implementation, efficiency, and independence classes
Jacques Crémer and
Claude D'Aspremont
No 24-1593, TSE Working Papers from Toulouse School of Economics (TSE)
Abstract:
The theory of Bayesian mechanism design is of interest to economists and computer scientists alike. It has focused on two extreme assumptions on the beliefs of the agents, full-freeness (or independence) and no-freeness (or Beliefs Determine Preferences). We discuss more general conditions that cover intermediate cases between these two extremes and characterize the corresponding set of implementable mechanisms. We also discuss applications of these results to economics and to computer science.
Date: 2024-11-20
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Persistent link: https://EconPapers.repec.org/RePEc:tse:wpaper:129933
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