Abstract
Consider an environment with a finite number of alternatives, and agents with private values and quasilinear utility functions. A domain of valuation functions for an agent is a monotonicity domain if every finite valued monotone randomized allocation rule defined on it is implementable in dominant strategies. We fully characterize the set of all monotonicity domains.
Original language | English (US) |
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Pages (from-to) | 1749-1772 |
Number of pages | 24 |
Journal | Econometrica |
Volume | 78 |
Issue number | 5 |
DOIs | |
State | Published - Sep 2010 |
Externally published | Yes |
All Science Journal Classification (ASJC) codes
- Economics and Econometrics
Keywords
- Cyclic monotonicity
- Dominant strategies
- Implementable
- Monotone