| dc.contributor.author | Toikka, Juuso T. | |
| dc.date.accessioned | 2016-08-17T14:40:30Z | |
| dc.date.available | 2016-08-17T14:40:30Z | |
| dc.date.issued | 2011-11 | |
| dc.date.submitted | 2011-02 | |
| dc.identifier.issn | 00220531 | |
| dc.identifier.uri | http://hdl.handle.net/1721.1/103942 | |
| dc.description.abstract | I extend Myersonʼs [R. Myerson, Optimal auction design, Math. Oper. Res. 6 (1981) 58–73] ironing technique to more general objective functions. The approach is based on a generalized notion of virtual surplus which can be maximized pointwise even when the monotonicity constraint implied by incentive compatibility binds. It is applicable to quasilinear principal-agent models where the standard virtual surplus is weakly concave in the allocation or appropriately separable in the allocation and type. No assumptions on allocation rules are required beyond monotonicity. | en_US |
| dc.description.sponsorship | Yrjö Jahnsson Foundation | en_US |
| dc.language.iso | en_US | |
| dc.publisher | Elsevier | en_US |
| dc.relation.isversionof | http://dx.doi.org/10.1016/j.jet.2011.06.003 | en_US |
| dc.rights | Creative Commons Attribution-NonCommercial-NoDerivs License | en_US |
| dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/4.0/ | en_US |
| dc.source | Prof. Toikka via Kate McNeill | en_US |
| dc.title | Ironing without control | en_US |
| dc.type | Article | en_US |
| dc.identifier.citation | Toikka, Juuso. “Ironing Without Control.” Journal of Economic Theory 146, no. 6 (November 2011): 2510–2526. | en_US |
| dc.contributor.department | Massachusetts Institute of Technology. Department of Economics | en_US |
| dc.contributor.approver | Toikka, Juuso T. | en_US |
| dc.contributor.mitauthor | Toikka, Juuso T. | en_US |
| dc.relation.journal | Journal of Economic Theory | en_US |
| dc.eprint.version | Author's final manuscript | en_US |
| dc.type.uri | http://purl.org/eprint/type/JournalArticle | en_US |
| eprint.status | http://purl.org/eprint/status/PeerReviewed | en_US |
| dspace.embargo.terms | N | en_US |
| dc.identifier.orcid | https://orcid.org/0000-0003-0400-5733 | |
| mit.license | PUBLISHER_CC | en_US |
