Seminar

Individually Rational Bayesian Incentive Compatible Mechanisms

Jacques Crémer (Toulouse School of Economics)

May 30, 2017, 11:00–12:30

Toulouse

Room MS001

Economic Theory Seminar

Abstract

Following d’Aspremont and Gérard-Varet (1979) the study of Bayesian incentive compatibility mechanisms has stressed the difficulties caused by the budget balance requirement, but relatively neglected the role of individual rationality constraints Using the techniques introduced by d’Aspremont, Crémer, and Gérard-Varet (2003), we survey the known results on this problem, reinterpret them and extend them. Coauthor : Claude d'Aspremont (Université Catholique de Louvain)