Locally robust implementation and its limits

Philippe Jehiel (), Moritz Meyer-Ter-Vehnc and Benny Moldovanu ()
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Moritz Meyer-Ter-Vehnc: UCLA - University of California [Los Angeles] - UC - University of California

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Abstract: We study a notion of locally robust implementation that captures the idea that the planner may know agents' 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)
Date: 2012-11
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Citations: View citations in EconPapers (19)

Published in Journal of Economic Theory, 2012, 147 (6), pp.2439-3452. ⟨10.1016/j.jet.2012.05.012⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00813046

DOI: 10.1016/j.jet.2012.05.012

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