Robust Mechanism Design: An Introduction

Dirk Bergemann and Stephen Morris

No 1818, Cowles Foundation Discussion Papers from Cowles Foundation for Research in Economics, Yale University

Abstract: This essay is the introduction for a collection of papers by the two of us on "Robust Mechanism Design" to be published by World Scientific Publishing. The appendix of this essay lists the chapters of the book. The objective of this introductory essay is to provide the reader with an overview of the research agenda pursued in the collected papers. The introduction selectively presents the main results of the papers, and attempts to illustrate many of them in terms of a common and canonical example, the single unit auction with interdependent values. In addition, we include an extended discussion about the role of alternative assumptions about type spaces in our work and the literature, in order to explain the common logic of the informational robustness approach that unifies the work in this volume.

Keywords: Mechanism design; Robust mechanism design; Common knowledge; Universal type space; Interim equilibrium; Ex post equilibrium; Dominant strategies; Rationalizability; Partial implementation; Full implementation; Robust implementation (search for similar items in EconPapers)
JEL-codes: C79 D82 (search for similar items in EconPapers)
Pages: 47 pages
Date: 2011-08
New Economics Papers: this item is included in nep-gth and nep-mic
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published in Foundations and Trends in Microeconomics (2012), 8(3): 169-230

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Related works:
Chapter: Robust Mechanism Design: An Introduction (2012)
Working Paper: Robust Mechanism Design: An Introduction (2011)
Working Paper: Robust Mechanism Design: An Introduction (2011)
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