A Note on Budget Balance under Interim Participation Constraints: The Case of 
Independent Types

Börgers, Tilman; Norman, Peter

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A Note on Budget Balance under Interim Participation Constraints: The Case of Independent Types

Börgers, T., & Norman, P. (2005). A Note on Budget Balance under Interim Participation Constraints: The Case of Independent Types.

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Item Permalink: https://hdl.handle.net/11858/00-001M-0000-0028-6CE1-1 Version Permalink: https://hdl.handle.net/11858/00-001M-0000-0028-6CE2-0

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http://www.coll.mpg.de/pdf_dat/2005_14online.pdf (Preprint) Open Access status unknown

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Creators:
Börgers, Tilman¹, Author
Norman, Peter, Author

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1Max Planck Institute for Research on Collective Goods, Max Planck Society, ou_2173688

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Abstract: 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.

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Dates: Date issued: 2005

Publication Status: Issued

Pages: 16

Publishing info: Bonn : Max Planck Institute for Research on Collective Goods

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Identifiers: Other: 2005/14

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