Browsing by Subject "Model"
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Mechanism design when players’ preferences and information coincide
(Universidad de Montevideo, Facultad de Ciencias Empresariales y Economía, Departamento de Economía, 2016)It is well known that when players have private information, vis a vis the designer, and their preferences coincide it is hard to implement the socially desirable outcome. We show that with arbitrarily small fines and ...