Download This PaperA Note on Budget Balance Under Interim Participation Constraints: The Case of Independent Types
MPI Collective Goods Preprint No. 2005/14
Microeconomic Theory in Canada Paper No. 05-02-08-08-39-42
18 Pages Posted: 4 May 2005
Abstract
We provide a simple proof of the equivalence between ex ante and ex post budget balance constraints in Bayesian mechanism design with independent types when participation decisions are made at the interim stage. The result is given an interpretation in terms of efficient allocation of risk.
Keywords: ex ante budget balance, ex post budget balance
JEL Classification: D79, D82
Suggested Citation: Suggested Citation
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