About this document
Robust Mechanism Design Insights by ekmoekmo is a document available to read on EtoBox.
This paper examines the robustness of mechanism design to relaxing common knowledge assumptions. It studies when ex post implementation is equivalent to interim (Bayesian) implementation for all possible type spaces. The paper finds: 1) Equivalence holds in separable environments, like when implementing a social choice function with no restrictions on transfers. 2) Equivalence fails generally, including in some quasilinear environments with budget balance constraints. 3) In private value environments, ex p
- Author
- ekmoekmo
- Language
- EN