Implementation of Reduced Form Mechanisms: A Simple Approach and a New Characterization
AbstractWe provide a new characterization of implementability of reduced form mechanisms in terms of straightforward second-order stochastic dominance. In addition, we present a simple proof of Matthews' (1984) conjecture, proved by Border (1991), on implementability.
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Bibliographic InfoPaper provided by David K. Levine in its series Levine's Working Paper Archive with number 786969000000000326.
Date of creation: 21 Dec 2011
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- Sergiu Hart & Philip J. Reny, 2011. "Implementation of Reduced Form Mechanisms: A Simple Approach and a New Characterization," Discussion Paper Series dp594, The Center for the Study of Rationality, Hebrew University, Jerusalem.
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