9 Pages Posted: 23 Dec 2011
Date Written: December 21, 2011
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.
Suggested Citation: Suggested Citation
Hart, Sergiu and Reny, Philip, Implementation of Reduced Form Mechanisms: A Simple Approach and a New Characterization (December 21, 2011). Becker Friedman Institute for Research in Economics Working Paper No. 2011-013. Available at SSRN: https://ssrn.com/abstract=1975519 or http://dx.doi.org/10.2139/ssrn.1975519