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Potentials and Implementation

Journal article published in 2004 by Philippe Jehiel, Meyer Ter-Vehn Moritz, Benny Moldovanu
This paper is available in a repository.
This paper is available in a repository.

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Preprint: policy unknown
Question mark in circle
Postprint: policy unknown
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Published version: policy unknown

Abstract

We introduce the concept of potentials (formally analogous to Monderer and Shapley (1996)) for mechanism design problems with interdependent valuations, and relate potentials to implementation in ex-post equilibria. We go on to show that ordinal and cardinal poten-tial coincide in settings with separable valuation functions.