Implementation of Reduced Form Mechanisms: A Simple Approach and a New Characterization

9 Pages Posted: 23 Dec 2011  

Sergiu Hart

Hebrew University of Jerusalem - Center for the Study of Rationality

Philip Reny

University of Chicago - Department of Economics

Date Written: December 21, 2011

Abstract

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

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

Sergiu Hart

Hebrew University of Jerusalem - Center for the Study of Rationality ( email )

Feldman Building
Givat-Ram
Jerusalem, 91904
Israel
+972-2-6584135 (Phone)
+972-2-6513681 (Fax)

HOME PAGE: http://www.ma.huji.ac.il/~hart

Philip Reny (Contact Author)

University of Chicago - Department of Economics ( email )

1126 East 59th Street
Chicago, IL 60637
United States
773-702-8192 (Phone)
773-702-7587 (Fax)

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