Implementation of Reduced Form Mechanisms: A Simple Approach and a New Characterization
Hebrew University of Jerusalem - Center for the Study of Rationality
University of Chicago - Department of Economics
December 21, 2011
Becker Friedman Institute for Research in Economics Working Paper No. 2011-013
We provide a new characterization of implementability of reduced form mechanisms in terms of straightforward second-order stochastic dominance. In addition, we present a simple proof of Matthews’ (1984) conjecture, proved by Border (1991), on implementability.
Number of Pages in PDF File: 9
Date posted: December 23, 2011