Erlanson, Albin and Kleiner, Andreas (2019) 'A note on optimal allocation with costly verification.' Journal of Mathematical Economics, 84. 56 - 62. ISSN 0304-4068
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Official URL: https://doi.org/10.1016/j.jmateco.2019.06.002
Abstract
We revisit the problem of a principal allocating an indivisible good with costly verification, as it was formulated and analyzed by Ben-Porath et al. (2014). We establish, in this setting, a general equivalence between Bayesian and ex-post incentive compatible mechanisms. We also provide a simple proof showing that the optimal mechanism is a threshold mechanism.
| Item Type: | Article |
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| Uncontrolled Keywords: | Optimal mechanisms, Costly verification, BIC and EPIC equivalence |
| Divisions: | Faculty of Social Sciences > Economics, Department of |
| Depositing User: | Elements |
| Date Deposited: | 29 Jul 2019 13:01 |
| Last Modified: | 15 Jan 2021 02:00 |
| URI: | http://repository.essex.ac.uk/id/eprint/24995 |
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