Robust Implementation: The Role of Large Type Spaces
A social choice function is robustly implemented if every equilibrium on every type space achieves outcomes consistent with a social choice function. We identify a robust monotonicity condition that is necessary and (with mild extra assumptions) sufficient for robust implementation. Robust monotonicity is strictly stronger than both Maskin monotonicity (necessary and almost sufficient for complete information implementation) and ex post monotonicity (necessary and almost sufficient for ex post implementation). It is equivalent to Bayesian monotonicity on all type spaces. It requires that there not be too much interdependence of types. We characterize robust monotonicity for some interesting economic environments. We identify conditions where, if robust implementation is possible, it is possible in a direct mechanism. We identify conditions where, if robust implementation is not possible, virtual robust implementation is not possible either.
(This abstract was borrowed from another version of this item.)
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.:
- John Duggan, 1997. "Virtual Bayesian Implementation," Econometrica, Econometric Society, vol. 65(5), pages 1175-1200, September.
- Stephen Morris & Dirk Bergemann, 2004.
"Robust Mechanism Design,"
Yale School of Management Working Papers
ysm380, Yale School of Management.
- Dirk Bergemann & Stephen Morris, 2005. "Robust Mechanism Design," NajEcon Working Paper Reviews 666156000000000593, www.najecon.org.
- Dirk Bergemann & Stephen Morris, 2003. "Robust Mechanism Design," Cowles Foundation Discussion Papers 1421, Cowles Foundation for Research in Economics, Yale University.
- Dirk Bergemann & Stephen Morris, 2003. "Robust Mechanism Design," Levine's Bibliography 666156000000000035, UCLA Department of Economics.
- Dirk Bergemann & Stephen Morris, 2003. "Robust Mechanism Design," Cowles Foundation Discussion Papers 1421R, Cowles Foundation for Research in Economics, Yale University, revised Apr 2004.
- Serrano, Roberto & Vohra, Rajiv, 2005.
"A characterization of virtual Bayesian implementation,"
Games and Economic Behavior,
Elsevier, vol. 50(2), pages 312-331, February.
- Roberto Serrano & Rajiv Vohra, 2002. "A Characterization of Virtual Bayesian Implementation," Economics Working Papers 0028, Institute for Advanced Study, School of Social Science.
- Roberto Serrano & Rajiv Vohra, 2002. "A Characterization of Virtual Bayesian Implementation," Working Papers 2002-11, Brown University, Department of Economics.
- Postlewaite, Andrew & Schmeidler, David, 1986. "Implementation in differential information economies," Journal of Economic Theory, Elsevier, vol. 39(1), pages 14-33, June.
- Kim-Sau Chung & Jeffrey C. Ely, 2000. "Efficient and Dominance Solvable Auctions with Interdependent Valuations," Discussion Papers 1313, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Battigalli Pierpaolo & Siniscalchi Marciano, 2003.
"Rationalization and Incomplete Information,"
The B.E. Journal of Theoretical Economics,
De Gruyter, vol. 3(1), pages 1-46, June.
- Jackson, Matthew O, 1991. "Bayesian Implementation," Econometrica, Econometric Society, vol. 59(2), pages 461-77, March.
- Eddie Dekel & Drew Fudenberg & Stephen Morris, 2005.
Harvard Institute of Economic Research Working Papers
2064, Harvard - Institute of Economic Research.
- Lipman Barton L., 1994. "A Note on the Implications of Common Knowledge of Rationality," Games and Economic Behavior, Elsevier, vol. 6(1), pages 114-129, January.
- Palfrey, Thomas R & Srivastava, Sanjay, 1989. "Mechanism Design with Incomplete Information: A Solution to the Implementation Problem," Journal of Political Economy, University of Chicago Press, vol. 97(3), pages 668-91, June.
- Brandenburger, Adam & Dekel, Eddie, 1987. "Rationalizability and Correlated Equilibria," Econometrica, Econometric Society, vol. 55(6), pages 1391-1402, November.
- Abreu, Dilip & Matsushima, Hitoshi, 1992. "Virtual Implementation in Iteratively Undominated Strategies: Complete Information," Econometrica, Econometric Society, vol. 60(5), pages 993-1008, September.
When requesting a correction, please mention this item's handle: RePEc:cla:levrem:784828000000000116. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (David K. Levine)
If references are entirely missing, you can add them using this form.