A Folk Theorem for Competing Mechanisms
AbstractWe prove a folk theorem for games in which mechanism designers compete in mechanisms and in which there are at least 4 players. All allocations supportable by a centralized mechanism designer, including allocations involving correlated actions (and correlated punishments) can be supported as Bayesian equilibrium outcomes in the competing mechanism game.
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Bibliographic InfoPaper provided by Vancouver School of Economics in its series Microeconomics.ca working papers with number michael_peters-2010-17.
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Date of creation: 13 May 2010
Date of revision: 19 Oct 2013
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Other versions of this item:
- D47 - Microeconomics - - Market Structure and Pricing - - - Market Design
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-05-22 (All new papers)
- NEP-CDM-2010-05-22 (Collective Decision-Making)
- NEP-GTH-2010-05-22 (Game Theory)
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