Ex post implementation in environments with private goods
AbstractWe prove by construction that ex post incentive compatible mechanisms exist in a private goods setting with multi-dimensional signals and interdependent values. The mechanism shares features with the generalized Vickrey auction of one-dimensional signal models. The construction implies that for environments with private goods, informational externalities (i.e., interdependent values) are compatible with ex post equilibrium in the presence of multi-dimensional signals.
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Bibliographic InfoArticle provided by Econometric Society in its journal Theoretical Economics.
Volume (Year): 1 (2006)
Issue (Month): 3 (September)
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Web page: http://econtheory.org
Ex post incentive compatibility; multi-dimensional information; interdependent values;
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- D44 - Microeconomics - - Market Structure and Pricing - - - Auctions
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