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Implementability, Walrasian equilibria, and efficient matchings

Listed author(s):
  • Dworczak, Piotr
  • Zhang, Anthony Lee
Registered author(s):

    In general screening problems, implementable allocation rules correspond exactly to Walrasian equilibria of an economy in which types are consumers with quasilinear utility and unit demand. Due to the welfare theorems, an allocation rule is implementable if and only if it induces an efficient matching between types and goods.

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    File URL: http://www.sciencedirect.com/science/article/pii/S0165176517300289
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    Article provided by Elsevier in its journal Economics Letters.

    Volume (Year): 153 (2017)
    Issue (Month): C ()
    Pages: 57-60

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    Handle: RePEc:eee:ecolet:v:153:y:2017:i:c:p:57-60
    DOI: 10.1016/j.econlet.2017.01.022
    Contact details of provider: Web page: http://www.elsevier.com/locate/ecolet

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    1. Birgit Heydenreich & Rudolf Müller & Marc Uetz & Rakesh V. Vohra, 2009. "Characterization of Revenue Equivalence," Econometrica, Econometric Society, vol. 77(1), pages 307-316, January.
    2. Carbajal, Juan Carlos & Ely, Jeffrey C., 2013. "Mechanism design without revenue equivalence," Journal of Economic Theory, Elsevier, vol. 148(1), pages 104-133.
    3. Hartline, Jason D. & Kleinberg, Robert & Malekian, Azarakhsh, 2015. "Bayesian incentive compatibility via matchings," Games and Economic Behavior, Elsevier, vol. 92(C), pages 401-429.
    4. Kos, Nenad & Messner, Matthias, 2013. "Extremal incentive compatible transfers," Journal of Economic Theory, Elsevier, vol. 148(1), pages 134-164.
    5. Rochet, Jean-Charles, 1987. "A necessary and sufficient condition for rationalizability in a quasi-linear context," Journal of Mathematical Economics, Elsevier, vol. 16(2), pages 191-200, April.
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