Implementation of Reduced Form Mechanisms: A Simple Approach and a New
Characterization
Sergiu Hart and Philip J. Reny
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.
- Economic Theory Bulletin 3 (2015), 1, 1-8
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© Sergiu Hart