Abstract
We consider the mechanism design problem when agents' types are multidimensional and continuous, and their valuations are interdependent. If there are at least three agents whose types satisfy a weak correlation condition, then for any decision rule and any ε > 0 there exist balanced transfers that render truthful revelation a Bayesian ε-equilibrium. A slightly stronger correlation condition ensures that there exist balanced transfers that induce a Bayesian Nash equilibrium in which agents' strategies are nearly truthful.
| Original language | English |
|---|---|
| Pages (from-to) | 476-496 |
| Number of pages | 21 |
| Journal | Journal of Economic Theory |
| Volume | 136 |
| Issue number | 1 |
| DOIs | |
| Publication status | Published - Sept 2007 |
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