In a symmetric single object allocation mechanism with n agents, we identify a necessary and sufficient condition for the existence of an equivalent deterministic dominant strategy incentive compatible mechanism for a given Bayesian incentive compatible mechanism.
We give a complete characterization of dominant strategy incentive compatible mechanisms for this problem.
A basic goal in mechanism design is to construct mechanisms that simultaneously satisfy efficiency, voluntary participation, and dominant strategy incentive compatibility.
We consider the design of dominant strategy incentive compatible, revenue-maximizing auctions for an indivisible good, when bidders' values are drawn from a correlated distribution.
We show that for any mechanism there exists an equivalent dominant strategy incentive compatible mechanism for social choice environments with correlated types when agent's matrix of conditional probabilities satisfies the full rank condition.
Further, by imposing a suitable version of anonymity and non-bossiness along with dominant strategy incentive compatibility, we find that the only mechanisms satisfying all these conditions are the Groves mechanisms.
In this paper, we develop a new double auction protocol called the Threshold Price Double auction (TPD) protocol, which is dominant-strategy incentive compatible even if participants can submit several bids under fictitious names (false-name bids).
We begin by showing that dominant-strategy incentive-compatibility cannot be used in this case, since any such auction cannot obtain any constant fraction of the optimal social welfare.
This age-old innovation model is indeed not only set aside by the dominant appropriation and incentive mechanisms set out by IPR tools, but it is also pushed into illegality by those rules solely pertaining to the regulation of the "formal" seed market.
For instance, the dot-com bubble eventually reached a point where day-trading retail investors became a dominant force, creating incentives for venture capitalists, underwriters and fund managers to jump on the bandwagon, hoping to hop off before the bubble burst.
