Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5071525 | Games and Economic Behavior | 2016 | 7 Pages |
Abstract
We provide a unified and simple treatment of reduced-form implementation for general social choice problems and extend it to environments with value interdependencies. We employ the geometric approach developed by Goeree and Kushnir (2016) to characterize the set of feasible interim agent values (agent utilities excluding transfers) by deriving the analytical expression of its support function. As an application, we use the reduced-form implementation to analyze second-best mechanisms in environments with value interdependencies.
Keywords
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Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Jacob K. Goeree, Alexey Kushnir,