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Implementation in multidimensional domains with ordinal restrictions

Author

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  • Debasis Mishra

    (Indian Statistical Institute, New Delhi)

  • Anup Pramanik

    (Indian Statistical Institute, New Delhi)

  • Souvik Roy

    (Indian Statistical Institute, New Delhi)

Abstract

We consider implementation of a deterministic allocation rule using transfers in quasi-linear private values environments. We show that if the type space is a multidimensional domain satisfying some ordinal restrictions, then an allocation rule is implementable in such a domain if and only if it satisfies a familiar and simple condition called 2-cycle monotonicity. Our ordinal restrictions cover type spaces which are non-convex, e.g., the single peaked domain and its generalizations. We apply our result to show that in the single peaked domain, a local version of 2-cycle monotonicity is necessary and sufficient for implementation and every locally incentive compatible mechanism is incentive compatible.

Suggested Citation

  • Debasis Mishra & Anup Pramanik & Souvik Roy, 2013. "Implementation in multidimensional domains with ordinal restrictions," Discussion Papers 13-07, Indian Statistical Institute, Delhi.
    • Handle: RePEc:alo:isipdp:13-07
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    More about this item

    Keywords

    implementation; 2-cycle monotonicity; revenue equivalence; local incentive compatibility;
    All these keywords.

    JEL classification:

    • D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions
    • D47 - Microeconomics - - Market Structure, Pricing, and Design - - - Market Design
    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • D86 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Economics of Contract Law

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