Overcoming Participation Constraints
CFDP Revision Date
This paper shows that linking a suﬀiciently large number of independent but unrelated social decisions can achieve approximate eﬀiciency. We provide regularity conditions under which a Groves mechanism amended with a veto game implements an eﬀicient outcome with probability arbitrarily close to one, and satisﬁes interim participation, incentive and resource constraints.
Fang, Hanming and Norman, Peter, "Overcoming Participation Constraints" (2005). Cowles Foundation Discussion Papers. 1795.