Mechanism design with weaker incentive compatibility constraints
AbstractWe study an adverse selection problem, where an agent is able to understate his productivity, but not allowed to overstate it. The solution to this problem is generally different than the solution to the standard problem, where no restriction is made on the statements of the agent. We identify a sufficient condition, that does not depend on the distribution of types, under which these two solutions coincide.
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Bibliographic InfoArticle provided by Elsevier in its journal Games and Economic Behavior.
Volume (Year): 56 (2006)
Issue (Month): 1 (July)
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Web page: http://www.elsevier.com/locate/inca/622836
Other versions of this item:
- Celik, Gorkem, 2004. "Mechanism Design with Weaker Incentive Compatibility Constraints," Microeconomics.ca working papers celik-04-09-13-05-50-40, Vancouver School of Economics, revised 06 Aug 2008.
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
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