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A note on the tight simplification of mechanisms

Authors :
Eduardo Perez-Richet
Source :
Economics Letters, 110(1), 15-17 (2011-01)
Publication Year :
2011
Publisher :
Elsevier BV, 2011.

Abstract

This note offers characterizations of tightness and weak tightness. It shows that when the preference domain is that of continuous utility functions on the outcome space, the two notions are equivalent to the outcome closure property of Milgrom (2010a).

Details

ISSN :
01651765
Volume :
110
Database :
OpenAIRE
Journal :
Economics Letters
Accession number :
edsair.doi.dedup.....9a1ee3590afc4f58df945a7b27a11951
Full Text :
https://doi.org/10.1016/j.econlet.2010.10.007