Bayesian and Dominant Strategy Implementation in the Independent Private Values Model
Alejandro Manelli and Daniel R. Vincent
,
6
(
78
)
Econometrica
1905-1938
November
2010
Abstract
We prove—in the standard independent private-values model—that the outcome, in terms of interim expected probabilities of trade and interim expected transfers, of any Bayesian mechanism can also be obtained with a dominant-strategy mechanism.
