Bayesian and Dominant-Strategy Implementation in the Independent Private-Values Model
在标准独立私人价值模型中,证明了任何贝叶斯机制产生的交易概率和转移支付结果,都能通过一个占优策略机制实现。
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.