Informed-principal problems in environments with generalized private values
研究了在广义私人价值环境中，知情委托人如何选择机制的问题，扩展了Maskin和Tirole的强无约束帕累托最优概念，并给出了存在性条件及反例。
We show that a solution to the problem of mechanism selection by an informed principal exists in a large class of environments with “generalized private values”: the agents’ payoff functions are independent of the principal’s type. The solution is an extension of Maskin and Tirole’s (1990) strong unconstrained Pareto optimum. Our main condition for existence is that given any type profile the best possible outcome for the principal is the worst possible outcome for all agents. This condition is satisfied in most market environments. We also give an example for non-existence.