Locally robust implementation and its limits

Philippe Jehiel (), Moritz Meyer-ter-Vehn and Benny Moldovanu ()

Journal of Economic Theory, 2012, vol. 147, issue 6, 2439-2452

Abstract: We study a notion of locally robust implementation that captures the idea that the planner may know agentsʼ beliefs well, but not perfectly. Locally robust implementation is a weaker concept than ex-post implementation, but we show that no regular allocation function is locally robust implementable in generic settings with quasi-linear utility, interdependent and bilinear values, and multi-dimensional payoff types.

Keywords: Robust implementation; Interdependent values; Multi-dimensional types; Perturbed beliefs (search for similar items in EconPapers)
JEL-codes: D82 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (18)

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Working Paper: Locally robust implementation and its limits (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jetheo:v:147:y:2012:i:6:p:2439-2452

DOI: 10.1016/j.jet.2012.05.012

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