Econometrica

Journal Of The Econometric Society

An International Society for the Advancement of Economic
Theory in its Relation to Statistics and Mathematics

Edited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262

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.


Log In To View Full Content