We study a class of direct revelation mechanisms which implement outcome functions satisfying a monotonicity condition. Monotone implementation is in dominant strategy equilibrium when values are private and in ex post Nash equilibrium when values are interdependent. The original Vickrey-Clarke-Groves mechanism is not a monotone implementation mechanism although its many extensions to interdependent value models are. The extraction mechanisms of Cremer and McLean (1985) are a special form of monotone implementation mechanisms for finite type spaces.
|Date of creation:||2010|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: +525 628 4197
Fax: +525 628 4058
Web page: http://cie.itam.mx/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Dirk Bergemann & Stephen Morris, 2007.
"An Ascending Auction for Interdependent Values: Uniqueness and Robustness to Strategic Uncertainty,"
321307000000001000, UCLA Department of Economics.
- Stephen Morris & Dirk Bergemann, 2007. "An Ascending Auction for Interdependent Values: Uniqueness and Robustness to Strategic Uncertainty," American Economic Review, American Economic Association, vol. 97(2), pages 125-130, May.
- Benjamin Edelman & Michael Ostrovsky & Michael Schwarz, 2007.
"Internet Advertising and the Generalized Second-Price Auction: Selling Billions of Dollars Worth of Keywords,"
American Economic Review,
American Economic Association, vol. 97(1), pages 242-259, March.
- Benjamin Edelman & Michael Ostrovsky & Michael Schwarz, 2005. "Internet Advertising and the Generalized Second Price Auction: Selling Billions of Dollars Worth of Keywords," NBER Working Papers 11765, National Bureau of Economic Research, Inc.
- Paul Milgrom & Ilya Segal, 2002. "Envelope Theorems for Arbitrary Choice Sets," Econometrica, Econometric Society, vol. 70(2), pages 583-601, March.
- Philippe Jehiel & Moritz Meyer-ter-Vehn & Benny Moldovanu & William R. Zame, 2005.
"The Limits of Ex-Post Implementation,"
UCLA Economics Working Papers
839, UCLA Department of Economics.
- Levin, Jonathan, 1997. "An Optimal Auction for Complements," Games and Economic Behavior, Elsevier, vol. 18(2), pages 176-192, February.
When requesting a correction, please mention this item's handle: RePEc:cie:wpaper:1004. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Diego Dominguez)
If references are entirely missing, you can add them using this form.