Informational Size and Two-Stage Mechanisms
نویسندگان
چکیده
منابع مشابه
Informational size and two-stage mechanisms
We showed in McLean and Postlewaite (2014) that when agents are informationally small, there exist small modi cations to VCG mechanisms in interdependent value problems that restore incentive compatibility. This paper presents a two-stage mechanism that similarly restores incentive compatibility. The rst stage essentially elicits that part of the agentsprivate information that induces interde...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2015
ISSN: 1556-5068
DOI: 10.2139/ssrn.2573892