Obedience ellipse

Environment parameters

players

; sets the upper bound on

strategic interaction

admissible range

type variance

state variance

mean action

enters the revenue mechanism only, through the rent term

Legend

the obedience ellipse : symmetric obedient mechanisms are the points inside it

obedient but not incentive compatible (, i.e. )

implementable without transfers: the segment at

stationarity curve (eq:stationarity-welfare); is the firms-optimal mechanism

revenue stationarity curve (eq:cubic); is the revenue-optimal mechanism

Fix ellipse Keep the ellipse framed as parameters change. Scrolling to zoom or dragging to pan switches to Free.