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Randomization under ambiguity: Efficiency and incentive compatibility
Journal of Mathematical Economics ( IF 1.0 ) Pub Date : 2020-10-01 , DOI: 10.1016/j.jmateco.2020.05.004
Zhiwei Liu , Xinxi Song , Nicholas C. Yannelis

Abstract We generalize de Castro and Yannelis (2018) by taking into account the use of randomization. We answer the following questions: Is each efficient allocation of de Castro and Yannelis (2018) still Pareto optimal? Are all efficient allocations still incentive compatible under the Wald’s maxmin preferences? We provide positive answers and give applications.

中文翻译:

歧义下的随机化:效率和激励兼容性

摘要 我们通过考虑随机化的使用来概括 de Castro 和 Yannelis (2018)。我们回答以下问题:de Castro 和 Yannelis (2018) 的每个有效分配是否仍然是帕累托最优?在 Wald 的 maxmin 偏好下,所有有效的分配是否仍然是激励兼容的?我们提供肯定的答复并提出申请。
更新日期:2020-10-01
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