Citation:
Reny, S. H., & J., P. . (2011). Implementation of Reduced Form Mechanisms: A Simple Approach and a New Characterization. Discussion Papers. presented at the 12. Retrieved from http://www.ma.huji.ac.il/hart/abs/q-mech.html
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.