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Mechanism Design when players´ preferences and information coincide

Listed author(s):
  • Marcelo Caffera
  • Juan Dubra

    ()

  • Nicolás Figueroa

It is well known that when players have private information, vis a vis the designer, and their preferences coincide it is hard to implement the socially desirable outcome. We show that with arbitrarily small fines and arbitrarily noisy inspections, the social choice correspondence can be fully implemented (truth telling is the unique Nash equilibrium).

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File URL: http://www.um.edu.uy/docs/Mechanism_Design_when_players_preferences_and_information_coincide.pdf
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Paper provided by Facultad de Ciencias Empresariales y Economia. Universidad de Montevideo. in its series Documentos de Trabajo/Working Papers with number 1603.

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Date of creation: 2016
Handle: RePEc:mnt:wpaper:1603
Contact details of provider: Postal:
Prudencio de Pena 2440, Montevideo 11600

Web page: http://www.um.edu.uy/cee/

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