Common certainty and efficiency with incomplete information

Lee, JJ

Lee, JJ (reprint author), Wuhan Univ, Econ & Management Sch, Dept Math Econ & Finance, Wuhan 430072, Hubei, Peoples R China.

MATHEMATICAL SOCIAL SCIENCES, 2019; 101 (): 1

Abstract

Holmstrom and Myerson (1983) show that we need only check for efficiency on common knowledge events to determine that an incentive compatible decision......

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