English, Article edition: Ex post implementation in environments with private goods Bikhchandani, Sushil

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Bookmark: http://trove.nla.gov.au/version/111587
Physical Description
  • article
Language
  • English

Edition details

Title
  • Ex post implementation in environments with private goods
Author
  • Bikhchandani, Sushil
Physical Description
  • article
Notes
  • We prove by construction that ex post incentive compatible mechanisms exist in a private goods setting with multi-dimensional signals and interdependent values. The mechanism shares features with the generalized Vickrey auction of one-dimensional signal models. The construction implies that for environments with private goods, informational externalities (i.e., interdependent values) are compatible with ex post equilibrium in the presence of multi-dimensional signals.
  • Ex post incentive compatibility, multi-dimensional information, interdependent values
  • RePEc:the:publsh:182
Language
  • English
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