Ex-post implementation with interdependent values
Theoretical Economics
2021-08-24 v1
Abstract
We characterize ex-post implementable allocation rules for single object auctions under quasi-linear preferences with convex interdependent value functions. We show that requiring ex-post implementability is equivalent to requiring that the allocation rule must satisfy a condition that we call eventual monotonicity (EM), which is a weakening of monotonicity, a familiar condition used to characterize dominant strategy implementation.
Cite
@article{arxiv.2108.09580,
title = {Ex-post implementation with interdependent values},
author = {Saurav Goyal and Aroon Narayanan},
journal= {arXiv preprint arXiv:2108.09580},
year = {2021}
}
Comments
17 pages