Authors
Sushil Bikhchandani
Publication date
2006/9
Journal
Theoretical Economics
Volume
1
Issue
3
Pages
369-393
Description
We prove by construction that ex post incentive compatible mechanisms exist in a private goods setting with multi-dimensional signals and interdependent values. The mechanism shares features with the generalized Vickrey auction of one-dimensional signal models. The construction implies that for environments with private goods, informational externalities (ie, interdependent values) are compatible with ex post equilibrium in the presence of multi-dimensional signals.
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