Citation:
Reny, Sergiu Hart, and Philip J. “Implementation Of Reduced Form Mechanisms: A Simple Approach And A New Characterization”. Discussion Papers 2011. Web.
Abstract:
We provide a new characterization of implementability of reduced form mechanisms in terms of straightforward second-order stochastic dominance. In addition, we present a simple proof of Matthews' (1984) conjecture, proved by Border (1991), on implementability.