Bayesian Implementation

Overview

The authors present a basic model of the Bayesian implementation problem and then consider its application in areas including classical pure exchange economies, public goods provision, auctions and bargaining.
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Bayesian Implementation

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Overview

The authors present a basic model of the Bayesian implementation problem and then consider its application in areas including classical pure exchange economies, public goods provision, auctions and bargaining.
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Product Details

Table of Contents

Introduction to the Series
1 Introduction 1
2 A General Model 6
A Environments 6
B Mechanisms and Equilibrium 9
C The Revelation Principle and Incentive Compatibility 9
D Efficiency 13
E Implementation 14
F Examples 16
3 Characterizing Implementable Allocation Rules 23
A Diffuse Information Structures 23
B Non-diffuse Information Structures 37
C Bibliographic Note: Implementation with Complete Information 44
4 Applications 51
A Pure Exchange Environments 51
B Efficient Allocation Rules 55
C Bilateral Monopoly 60
D Incentive Contracting with Multiple Agents 62
E Public Goods 65
5 Preplay Communication and Renegotiation 73
A Issues of Commitment and Control 73
B Implementation with Preplay Communication 74
C Renegotiation-proof Implementation 82
6 Other Topics 88
A Implementation with Refinements 90
B Virtual Implementation 93
References 98
Index 105
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