Myerson–Satterthwaite theorem
GPTKB entity
Statements (20)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:mathematical_concept
|
| gptkbp:appliesTo |
bilateral trade
private information |
| gptkbp:describes |
impossibility result in bilateral trade
|
| gptkbp:field |
economics
game theory mechanism design |
| https://www.w3.org/2000/01/rdf-schema#label |
Myerson–Satterthwaite theorem
|
| gptkbp:namedAfter |
gptkb:Mark_Satterthwaite
gptkb:Roger_Myerson |
| gptkbp:publicationYear |
1983
|
| gptkbp:publishedIn |
gptkb:Journal_of_Economic_Theory
|
| gptkbp:relatedTo |
efficiency
mechanism design theory budget balance incentive compatibility individual rationality |
| gptkbp:state |
no incentive-compatible, individually rational, and budget-balanced mechanism can achieve efficient trade between a buyer and a seller with private values drawn from overlapping distributions
|
| gptkbp:bfsParent |
gptkb:Roger_Myerson
|
| gptkbp:bfsLayer |
5
|