Article ID Journal Published Year Pages File Type
5071525 Games and Economic Behavior 2016 7 Pages PDF
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.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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