Econometrica: Nov 2010, Volume 78, Issue 6

Bayesian and Dominant‐Strategy Implementation in the Independent Private‐Values Model

https://doi.org/10.3982/ECTA8025
p. 1905-1938

Alejandro M. Manelli, Daniel R. Vincent

We prove—in the standard independent private‐values model—that the outcome, in terms of interim expected probabilities of trade and interim expected transfers, of Bayesian mechanism can also be obtained with a dominant‐strategy mechanism.

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