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EX-POST IMPLEMENTATION WITH INTERDEPENDENT VALUATIONS
Category: Economic Theory
Mechanism Design Sunday 25th August 2002, 09:30 - 11:00, Room: 4.6
Session Chair(s):
David Wettstein, Ben Gurion University, ISRAEL
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Abstract:
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We consider a social choice setting with multidimensional signals and interdependent valuations. Such frameworks have been recently and increasingly used in order to study multi-object auctions. We obtain concise characterizations of ex-post implementable (not necessarily efficient) social choice functions in terms of affine functions that associate a weight to each agent and to each alternative. These characterizations can greatly reduce the complexity of the search for a constrained efficient (i.e., second best) mechanism in the generic cases where efficient outcomes cannot be implemented.
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Find this file in the \Papers\759\ folder of this CD-ROM.
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