Resource title

A note on budget balance under interim participation constraints: the case of independent types

Resource image

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Resource description

We provide a simple proof of the equivalence between ex ante and ex post budget balance constraints in Bayesian mechanism design with independent types when participation decisions are made at the interim stage. The result is given an interpretation in terms of efficient allocation of risk.

Resource author

Tilman Börgers, Peter Norman

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/26870

Resource license

Adapt according to the presented license agreement and reference the original author.