A network solution to robust implementation: the case of identical but unknown distributions

Mostra el registre complet Registre parcial de l'ítem

• dc.contributor.author Ollár, Mariann
• dc.contributor.author Penta, Antonio
• dc.date.accessioned 2023-07-11T06:15:00Z
• dc.date.available 2023-07-11T06:15:00Z
• dc.date.issued 2023
• dc.description.abstract We study robust mechanism design in environments in which agents commonly believe that others’ types are identically distributed, but we do not assume that the actual distribution is common knowledge, nor that it is known to the designer. First, we characterize all incentive compatible transfers under these assumptions. Second, we characterize the conditions under which full implementation is possible via direct mechanisms, that only elicit payoff relevant information, and the transfer schemes which achieve it whenever possible. The full implementation results obtain from showing that the problem can be transformed into one of designing a network of strategic externalities, subject to suitable constraints which are dictated by the incentive compatibility requirements.
• dc.description.sponsorship The BSE benefited from the financial support of the Spanish Ministry of Economy and Competitiveness, through the Severo Ochoa Programme for Centres of Excellence in R&D (CEX2019-000915-S). Antonio Penta acknowledges the financial support of the European Research Council, Starting Grant 759424.
• dc.format.mimetype application/pdf
• dc.identifier.citation Ollár M, Penta A. A network solution to robust implementation: the case of identical but unknown distributions. Rev Econ Stud. 2023;90(5):2517-54. DOI: 10.1093/restud/rdac084
• dc.identifier.doi http://dx.doi.org/10.1093/restud/rdac084
• dc.identifier.issn 0034-6527
• dc.identifier.uri http://hdl.handle.net/10230/57530
• dc.language.iso eng
• dc.publisher Oxford University Press
• dc.relation.ispartof The Review of Economic Studies. 2023;90(5):2517-54.
• dc.relation.projectID info:eu-repo/grantAgreement/ES/2PE/CEX2019-000915-S
• dc.relation.projectID info:eu-repo/grantAgreement/EC/H2020/759424
• dc.rights © The Author(s) 2023. Published by Oxford University Press on behalf of The Review of Economic Studies Limited. This is an Open Access article distributed under the terms of the Creative Commons Attribution-NonCommercialNoDerivs licence (https://creativecommons.org/licenses/by-nc-nd/4.0/), which permits non-commercial reproduction and distribution of the work, in any medium, provided the original work is not altered or transformed in any way, and that the work is properly cited. For commercial re-use, please contact journals. permissions@oup.com
• dc.rights.accessRights info:eu-repo/semantics/openAccess
• dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/4.0/
• dc.subject.keyword Robust full implementation
• dc.subject.keyword Rationalizability
• dc.subject.keyword Interdependent values
• dc.subject.keyword Identical but unknown distributions
• dc.title A network solution to robust implementation: the case of identical but unknown distributions
• dc.type info:eu-repo/semantics/article
• dc.type.version info:eu-repo/semantics/publishedVersion