Premium
Incentive compatibility with interdependent preferences
Author(s) -
Pesce Marialaura,
Yannelis Nicholas C.
Publication year - 2012
Publication title -
international journal of economic theory
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.351
H-Index - 11
eISSN - 1742-7363
pISSN - 1742-7355
DOI - 10.1111/j.1742-7363.2011.00176.x
Subject(s) - incentive compatibility , interdependence , compatibility (geochemistry) , incentive , economics , microeconomics , public economics , political science , engineering , chemical engineering , law
We introduce new concepts of incentive compatibility and efficiency for a differential information economy with interdependent preferences. Using the new definitions, we provide theorems on the consistency of efficiency and incentive compatibility.