edoc

The Implementation Duality

Nöldeke, Georg and Samuelson, Larry. (2015) The Implementation Duality. WWZ Working Papers, 2015 (01).

[img] PDF - Published Version
611Kb

Official URL: https://edoc.unibas.ch/61331/

Downloads: Statistics Overview

Abstract

We use the theory of abstract convexity to study adverse-selection principal-agent problems and two-sided matching problems, departing from much of the literature by not requiring quasilinear utility. We formulate and characterize a basic underlying implementation duality. We show how this duality can be used to obtain a sharpening of the taxation principle, to obtain a general existence result for solutions to the principal-agent problem, to show that (just as in the quasilinear case) all increasing decision functions are implementable under a single crossing condition, and to obtain an existence result for stable outcomes featuring positive assortative matching in a matching model.
Faculties and Departments:06 Faculty of Business and Economics > Departement Wirtschaftswissenschaften > Professuren Wirtschaftswissenschaften > Mikroökonomische Theorie (Nöldeke)
12 Special Collections > WWZ Publications > WWZ Discussion Papers and Working Papers
UniBasel Contributors:Nöldeke, Georg
Item Type:Working Paper
Publisher:WWZ, University of Basel
Number of Pages:57
Note:Publication type according to Uni Basel Research Database: Discussion paper / Internet publication
Language:English
Identification Number:
  • handle: RePEc:bsl:wpaper:2015/01
Last Modified:07 Mar 2018 13:24
Deposited On:07 Mar 2018 13:24

Repository Staff Only: item control page