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Börgers, Tilman
Norman, Peter
Year of Publication: 
Series/Report no.: 
Preprints of the Max Planck Institute for Research on Collective Goods 2005,14
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.
Document Type: 
Working Paper

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