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Bayesian implementation, efficiency, and independence classes

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  • Crémer, Jacques
  • D'Aspremont, Claude

Abstract

The theory of Bayesian mechanism design is of interest to economists and computer scientists alike. It has focused on two extreme assumptions on the beliefs of the agents, full-freeness (or independence) and no-freeness (or Beliefs Determine Preferences). We discuss more general conditions that cover intermediate cases between these two extremes and characterize the corresponding set of implementable mechanisms. We also discuss applications of these results to economics and to computer science.

Suggested Citation

  • Crémer, Jacques & D'Aspremont, Claude, 2024. "Bayesian implementation, efficiency, and independence classes," TSE Working Papers 24-1593, Toulouse School of Economics (TSE).
    • Handle: RePEc:tse:wpaper:129933
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    References listed on IDEAS

    as
    1. Matsushima, Hitoshi, 2007. "Mechanism design with side payments: Individual rationality and iterative dominance," Journal of Economic Theory, Elsevier, vol. 133(1), pages 1-30, March.
    2. Emmanuelle Auriol & Jean‐Jacques Laffont, 1992. "Regulation By Duopoly," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 1(3), pages 507-533, September.
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