Abstract

A large body of the mechanism design literature relies on convexity assumptions on the set of types (that is, on the domain of the mechanism). In this note I show that, at least for auction mechanisms with independent signals, it is always possible to extend incentive compatible mechanisms to incentive compatible mechanisms defined on any larger set of types.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call