کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
956873 928496 2010 27 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Information acquisition and full surplus extraction
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Information acquisition and full surplus extraction
چکیده انگلیسی

It is well known that when agents' types are correlated, the mechanism designer can extract the entire surplus. This creates an incentive for agents to acquire information about other agents' types. Robust lotteries (are payment schemes that) support full extraction and partially robust lotteries support efficient implementation in the presence of information acquisition opportunities. Necessary and sufficient conditions for existence of robust and partially robust lotteries are derived. If an agent's information signal spans other agents' types then robust lotteries do not exist. However, if all agents report their signal realizations then robust lotteries exist in an extended type space.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Theory - Volume 145, Issue 6, November 2010, Pages 2282–2308
نویسندگان
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