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Some Issues in Mechanism Design Theory

  • Arunava SenEmail author
Chapter
Part of the Studies in Economic Design book series (DESI)

Abstract

The paper proposes some directions for research in mechanism design theory. It is well-known that the set of incentive-compatible social choice functions defined over a domain of ordinal preferences expands when randomization is permitted. It is proposed to characterize the set of random incentive-compatible social choice functions via the properties of the extreme points of this set. Problems with quasi-linear preferences and monetary transfers are also discussed.

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Copyright information

© Springer Nature Switzerland AG 2019

Authors and Affiliations

  1. 1.Indian Statistical InstituteNew DelhiIndia

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