Advanced Search
MyIDEAS: Login

Implementation with Incomplete Information in Exchange Economies

Contents:

Author Info

  • Palfrey, Thomas R
  • Srivastava, Sanjay
Registered author(s):

    Abstract

    This paper studies the problem of implementation of allocation rules in economic environments when agents are incompletely informed about the environment. The concept of equilibrium used is that of Bayesian Nash equilibrium. The authors show that a condition called Bayesian monotonicity is necessary for implementation, as is an incentive compatibility condition. They also show that, when there are at least three agents, Bayesian monotonicity and a slightly stronger incentive compatibility condition are jointly sufficient for implementation. They present several examples to illustrate the result. Copyright 1989 by The Econometric Society.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://links.jstor.org/sici?sici=0012-9682%28198901%2957%3A1%3C115%3AIWIIIE%3E2.0.CO%3B2-Q&origin=repec
    File Function: full text
    Download Restriction: Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Bibliographic Info

    Article provided by Econometric Society in its journal Econometrica.

    Volume (Year): 57 (1989)
    Issue (Month): 1 (January)
    Pages: 115-34

    as in new window
    Handle: RePEc:ecm:emetrp:v:57:y:1989:i:1:p:115-34

    Contact details of provider:
    Phone: 1 212 998 3820
    Fax: 1 212 995 4487
    Email:
    Web page: http://www.econometricsociety.org/
    More information through EDIRC

    Order Information:
    Email:
    Web: http://www.blackwellpublishing.com/memb.asp?ref=0012-9682

    Related research

    Keywords:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as in new window

    Cited by:
    This item has more than 25 citations. To prevent cluttering this page, these citations are listed on a separate page.

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:ecm:emetrp:v:57:y:1989:i:1:p:115-34. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing) or (Christopher F. Baum).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.