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Implementation by Gradual Revelation

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  • Gorkem Celik

Abstract

type="main"> We investigate the feasibility of implementing an allocation rule with a gradual-revelation mechanism in which agents reveal their private information over time (rather than all at once). With independently distributed types, private values, and transferable utilities satisfying a single-crossing property, an ex-post monotonicity condition is sufficient for budget-balanced implementation of any incentive-compatible allocation rule with any gradual-revelation scheme. When we extend the single-crossing property over the set of randomized allocations, a weaker monotonicity condition is necessary and sufficient for budget-balanced implementation by gradual revelation.

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  • Gorkem Celik, 2015. "Implementation by Gradual Revelation," RAND Journal of Economics, RAND Corporation, vol. 46(2), pages 271-296, June.
    • Handle: RePEc:bla:randje:v:46:y:2015:i:2:p:271-296
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    File URL: http://hdl.handle.net/10.1111/1756-2171.12086
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    Cited by:

    1. Gorkem Celik & Michael Peters, 2016. "Reciprocal relationships and mechanism design," Canadian Journal of Economics, Canadian Economics Association, vol. 49(1), pages 374-411, February.
    2. Dilip Mookherjee & Masatoshi Tsumagari, 2014. "Mechanism Design with Communication Constraints," Journal of Political Economy, University of Chicago Press, vol. 122(5), pages 1094-1129.
    3. Alexey Kushnir & Shuo Liu, 2019. "On the equivalence of Bayesian and dominant strategy implementation for environments with nonlinear utilities," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 67(3), pages 617-644, April.
    4. Navin Kartik & SangMok Lee & Daniel Rappoport, 2022. "Single-Crossing Differences in Convex Environments," Papers 2212.12009, arXiv.org, revised Jun 2023.

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