Robust implementation under alternative information structures
AbstractIn this paper we consider a model in which agents have complete information about their neighbours and, possibly, incomplete information about the rest of the economy. We consider two different informational frameworks. In the first, agents do not have priors about what is going on in the rest of the economy. In the second, agents are supposed to havepriors about the unknown characteristics. We present a mechanism which implements any social choice correspondence satisfying monotonicity and no veto power in both informational settings for every possible prior thus requiring little knowledge from the point of view of the designer of the information possesed by agents about the economy.
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Bibliographic InfoArticle provided by Springer in its journal Economic Design.
Volume (Year): 1 (1994)
Issue (Month): 1 (December)
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Web page: http://link.springer.de/link/service/journals/10058/index.htm
Other versions of this item:
- Luis Corchón & Ignacio Ortuño Ortín, 1991. "Robust Implementation Under Alternative Information Structures," Working Papers. Serie AD 1991-12, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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