Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/320257 
Year of Publication: 
2024
Citation: 
[Journal:] Theoretical Economics [ISSN:] 1555-7561 [Volume:] 19 [Issue:] 3 [Year:] 2024 [Pages:] 975-999
Publisher: 
The Econometric Society, New Haven, CT
Abstract: 
We explore mechanism design with outcome-based social preferences. Agents' social preferences and private payoffs are all subject to asymmetric information. We assume quasi-linear utility and independent types. We show how the asymmetry of information about agents' social preferences can be operationalized to satisfy agents' participation constraints. Our main result is a possibility result for groups of \textit{at least three} agents: Any such group can resolve any given allocation problem with an ex-post budget-balanced mechanism that is Bayesian incentive-compatible, interim individually rational, and ex-post Pareto-efficient.
Subjects: 
Mechanism design
social preferences
Bayesian implementation
participation constraints
participation stimulation
money pump
JEL: 
C72
C78
D62
D82
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc Logo
Document Type: 
Article

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