Equivalence of stochastic and deterministic mechanisms

• المؤلفون الرئيسيون: CHEN, Yi-Chun, LI, Jiangtao, SUN, Yeneng
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2019
• الموضوعات: Economic Theory
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/soe_research/2302; https://ink.library.smu.edu.sg/context/soe_research/article/3301/viewcontent/10.3982_ECTA14698.pdf

We consider a general social choice environment that has multiple agents, a finite set of alternatives, independent types, and atomless type distribution. We show that for any Bayesian incentive compatible mechanism, there exists an equivalent deterministic mechanism that (1) is Bayesian incentive c...