Reduced form implementation for environments with value interdependencies

• 成果类型: Article
• 署名作者: Goeree, Jacob K.; Kushnir, Alexey
• 署名单位: University of New South Wales Sydney; University of Cologne; Carnegie Mellon University
• 刊物名称: GAMES AND ECONOMIC BEHAVIOR
• ISSN/ISSBN: 0899-8256
• DOI: 10.1016/j.geb.2016.08.008
• 发表日期: 2016
• 页码: 250-256
• 关键词: Mechanism design; convex analysis; Reduced-form implementation; social choice; interdependent values; Convex set; Support function

摘要

We provide a unified and simple treatment of reduced-form implementation for general social choice problems and extend it to environments with value interdependencies. We employ the geometric approach developed by Goeree and Kushnir (2016) to characterize the set of feasible interim agent values (agent utilities excluding transfers) by deriving the analytical expression of its support function. As an application, we use the reduced form implementation to analyze second-best mechanisms in environments with value interdependencies. (C) 2016 Elsevier Inc. All rights reserved.