논문목차

논문목차

A Sufficient Condition for Bayesian Implementation with Side Payments
  • Author
    Bong-Ju Kim (National Assembly Research Service)
  • Year
    2013
  • Volume
    Vol.29
  • Number
    No.2
  • It is well-known that with three agents and more, Bayesian monotonicity and the selfselection condition are both necessary and sufficient for Bayesian implementation in a general environment. Matsushima (1993) identified a condition, Condition 1, which is equivalent to Bayesian monotonicity under the strict self-selection (SSS) condition in an environment with side payments. This paper identifies a condition that is equivalent to Bayesian monotonicity under the self-selection condition in an environment with side payments when the prior probability is independently distributed. This condition identified here is weak in that its combination with the self-selection condition is weaker than the SSS condition.
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