The Becker-deGroot-Marschak mechanism is not necessarily incentive compatible, even for non-random goods

DOI10.1016/J.ECONLET.2006.03.033MaRDI QIDQ1929438zbMATH OpenOpenAlexFDO

Authors John K. Horowitz

Publication date 8 January 2013

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.econlet.2006.03.033

zbMATH Keywords

incentive compatibilityvaluationVickrey auctionwillingness-to-pay

Mathematics Subject Classification ID

Decision theory (91B06) Utility theory (91B16) Auctions, bargaining, bidding and selling, and other market models (91B26)

Recommendations

• The Becker-DeGroot-Marschak mechanism and nonexpected utility: A testable approach
• An augmented Becker-DeGroot-marschak mechanism for transaction cycles
• Mechanism design without revenue equivalence
• Behavioral mechanism design: evidence from the modified first-price auctions
• Incentive compatibility in a market with indivisible goods

Cites work

• "Expected Utility" Analysis without the Independence Axiom
• "Preference Reversal" and the Observability of Preferences by Experimental Methods
• A Theory of Auctions and Competitive Bidding
• A Theory of Disappointment Aversion
• Dominance Axioms and Multivariate Nonexpected Utility Preferences
• Generalized Expected Utility Analysis of Multivariate Risk Aversion
• Home-grown values and incentive compatible auction design

Cited in

(7)

• Entitlement and the efficiency-equality trade-off: an experimental study
• Loss aversion and competition in Vickrey auctions: money ain't no good
• Shotgun mechanisms for common-value partnerships: the unassigned-offeror problem
• An augmented Becker-DeGroot-marschak mechanism for transaction cycles
• Reference dependence, expectations and anchoring in the Becker-DeGroot-Marschak mechanism
• Bidding behaviour in experimental auctions under risk and uncertainty
• The Becker-DeGroot-Marschak mechanism and nonexpected utility: A testable approach

This page was built for publication: The Becker-deGroot-Marschak mechanism is not necessarily incentive compatible, even for non-random goods

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q1929438)