Robust mechanism design

被引:233
作者
Bergemann, D
Morris, S
机构
[1] Yale Univ, Dept Econ, New Haven, CT 06511 USA
[2] Princeton Univ, Dept Econ, Princeton, NJ 08544 USA
关键词
mechanism design; common knowledge; universal type space; interim equilibrium; ex post equilibrium; dominant strategies;
D O I
10.1111/j.1468-0262.2005.00638.x
中图分类号
F [经济];
学科分类号
02 ;
摘要
The mechanism design literature assumes too much common knowledge of the environment among the players and planner. We relax this assumption by studying mechanism design on richer type spaces. We ask when ex post implementation is equivalent to interim (or Bayesian) implementation for all possible type spaces. The equivalence holds in the case of separable environments; examples of separable environments arise (1) when the planner is implementing a social choice function (not correspondence) and (2) in a quasilinear environment with no restrictions on transfers. The equivalence fails in general, including in some quasilinear environments with budget balance. In private value environments, ex post implementation is equivalent to dominant strategies implementation. The private value versions of our results offer new insights into the relationship between dominant strategy implementation and Bayesian implementation.
引用
收藏
页码:1771 / 1813
页数:43
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