Multidimensional Monotonicity and Economic Applications

Abstract

We characterize the extreme points of multidimensional monotone functions from $[0,1{]}^n$ to $[0,1]$, as well as the extreme points of the set of one-dimensional marginals of these functions. These characterizations lead to new results for various mechanism design and information design problems, including public good provision with interdependent values; interim efficient bilateral trade mechanisms; mechanism (anti) equivalence; asymmetric reduced form auctions; and optimal private private information structure.

80 pages, 8 figures