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Pá 09.03.2012

Dr. Tymofiy Mylovanov: “Mechanism design by an informed principal: the quasi-linear private-values case”

Dr. Tymofiy Mylovanov

University of Pennsylvania, Philadelphia, PA, USA

Authors: Tymofiy Mylovanov and Thomas Trőger

Abstract: We study the problem of mechanism design by an informed party in private value environments with transferrable utility. We show that, at the interim stage, it is optimal for the proposing party to offer a mechanism that would also be optimal for her ex ante, that is, before she has obtained her private information.

Full Text: “Mechanism design by an informed principal: the quasi-linear private-values case”