; ; ; "ActiveFedora::Aggregation::ListSource" . a , ; "Implementing Efficient Allocations in a Model of Financial Intermediation"; ; "batchuser@example.com"; "Green, Edward J.", "Lin, Ping"; "Federal Reserve Bank of Minneapolis"; "Financial intermediation", "Implementation", "Bank run"; "D82 - Asymmetric and Private Information; Mechanism Design", "G21 - Banks; Depository Institutions; Micro Finance Institutions; Mortgages"; "In a finite-trader version of the Diamond-Dybvig (1983) model, the symmetric, ex-ante efficient allocation is implementable by a direct mechanism (i.e., each trader announces the type of his own ex-post preference) in which truthful revelation is the strictly dominant strategy for each trader. When the model is modified by formalizing the sequential-service constraint (cf. Wallace, 1988), the truth-telling equilibrium implements the symmetric, ex-ante efficient allocation with respect to iterated elimination of strictly dominated strategies. "^^; "1996-10"; "2019-07-30T15:01:37.972065573+00:00"^^; "https://doi.org/10.21034/wp.576"; ; "https://creativecommons.org/licenses/by-nc/4.0/"; "Wed Oct 23 17:58:29 2019"; "https://creativecommons.org/licenses/by-nc/4.0/"; "Research Paper"; "456", "294"; "Working paper (Federal Reserve Bank of Minneapolis. Research Department)"; "576"; "Bank run", "Financial intermediation", "Implementation"; ; ; ; ; "Federal Reserve Bank of Minneapolis. Research Department"; "Published in: _Journal of Economic Theory_ (Vol. 109, No. 1, March 2003, pp. 1-23), https://doi.org/10.1016/S0022-0531(02)00017-0."^^; ; "Publication" . ; .