Problem Set 4 . Robust Mechanism / Robust Predictions
نویسنده
چکیده
(a) Establish a necessary and su¢ cient condition for the ex post incentive compatibility of the e¢ cient allocation. Explicitly derive a transfer schedule that achieves the e¢ cient allocation with ex post incentive compatibility and ex post participation constraint (i.e. each bidder receives nonnegative net utility and to be precise zero net utility if s/he loses) in the direct revelation mechanism. (b) Now consider the transfer scheme derived above and suppose that there are only two bidders. Extend the ex post incentive compatibility transfer rule to an asymmetric environment with
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