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

Borgers, T; Norman, P; (2005) A note on budget balance under interim participation constraints: the case of independent types. (Discussion Papers in Economics 05-01 ). Department of Economics, University College London, UCL (University College London), Department of Economics, University College: London, UK. Green open access

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Abstract

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

Type: Report
Title: A note on budget balance under interim participation constraints: the case of independent types
Open access status: An open access version is available from UCL Discovery
Additional information: Imported via OAI, 20:31:45 23rd Feb 2007
UCL classification: UCL > Provost and Vice Provost Offices
UCL > Provost and Vice Provost Offices > UCL SLASH
UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of Economics
URI: https://discovery.ucl.ac.uk/id/eprint/2560
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