کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5073059 1373531 2006 13 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Universal possibility and impossibility results
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Universal possibility and impossibility results
چکیده انگلیسی

In a setting of private information, the possibility (impossibility) theorem is said to be valid if a balanced mechanism exists (does not exist) which is ex post efficient and satisfies interim individual rationality. If this validity depends on the support only but not the prior distribution of information itself the universal possibility or impossibility theorem is said to hold. The present paper explores the scope of universal possibility and impossibility theorems for an exogenously given outside option as well as for situations where the outside option is a matter of design.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Games and Economic Behavior - Volume 57, Issue 1, October 2006, Pages 73-85
نویسندگان
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