A Note on Budget Balance under Interim Participation Constraints: The Case of 
Independent Types

Börgers, Tilman; Norman, Peter

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A Note on Budget Balance under Interim Participation Constraints: The Case of Independent Types

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Börgers, Tilman
Max Planck Institute for Research on Collective Goods, Max Planck Society;

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引用

Börgers, T., & Norman, P. (2005). A Note on Budget Balance under Interim Participation Constraints: The Case of Independent Types.

引用: https://hdl.handle.net/11858/00-001M-0000-0028-6CE1-1

要旨

We provide a simple proof of the equivalence between ex ante and ex post budget balance constraints in Bayesian mechanism design with independent types when participation decisions are made at the interim stage. The result is given an interpretation in terms of efficient allocation of risk.