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| Type | Journal Article |
| Scope | Discipline-based scholarship |
| Title | On the equivalence of Bayesian and dominant strategy implementation for environments with nonlinear utilities |
| Organization Unit | |
| Authors |
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| Item Subtype | Original Work |
| Refereed | Yes |
| Status | Published in final form |
| Language |
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| Journal Title | Economic Theory |
| Publisher | Springer |
| Geographical Reach | international |
| ISSN | 0938-2259 |
| Volume | 67 |
| Number | 3 |
| Page Range | 617 - 644 |
| Date | 2019 |
| Abstract Text | We extend the equivalence between Bayesian and dominant strategy implementation (Manelli and Vincent in Econometrica 78:1905–1938, 2010; Gershkov et al. in Econometrica 81: 197–220, 2013) to environments with nonlinear utilities satisfying a property of increasing differences over distributions and a convex-valued assumption. The new equivalence result produces novel implications to the literature on the principal-agent problem with allocative externalities, environmental mechanism design, and public good provision. |
| Official URL | https://link.springer.com/article/10.1007/s00199-018-1124-x |
| Digital Object Identifier | 10.1007/s00199-018-1124-x |
| Other Identification Number | merlin-id:16372 |
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| Keywords | Bayesian implementation, dominant strategy implementation, mechanism design, nonlinear utilities, increasing differences over distributions |