Bayesian implementation in exchange economies with state dependent feasible sets and private information
AbstractThis paper considers the problem of implementation for exchange economies with state dependent feasible sets. Agents are assumed to have private information about their endowments. We provide necessary and sufficient conditions for social choice rules that are Bayesian implementable by feasible mechanisms for such an environment. We compare our main result to the Nash implementation result derived in an environment of complete information.
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Bibliographic InfoArticle provided by Springer in its journal Social Choice and Welfare.
Volume (Year): 13 (1996)
Issue (Month): 4 ()
Note: Received: 30 September 1994/Accepted: 16 May 1995
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- Byungchae Rhee, 2004. "A Characterization of Optimal Feasible Tax Mechanism," Econometric Society 2004 Far Eastern Meetings 551, Econometric Society.
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