| dc.contributor.author | Chen, Jing | |
| dc.contributor.author | Micali, Silvio | |
| dc.date.accessioned | 2022-04-07T17:20:00Z | |
| dc.date.available | 2022-04-07T17:20:00Z | |
| dc.date.issued | 2009-11-10 | |
| dc.identifier.uri | https://hdl.handle.net/1721.1/141756 | |
| dc.description | First Draft. | en_US |
| dc.description.abstract | The currently prevailing equilibrium-based approach to mechanism design suffers from a plurality of fundamental problems, and new conceptual frameworks are needed to solve or sufficiently alleviate them.
In this paper, we put forward rational robustness, a new solution concept implementation notion that is not equilibrium-based; prove its fundamental structural theorems; and compare it with prior notions.
Our notion of implementation is specifically built so as to be robust against the problem of equilibrium selection. We prove it robust against other fundamental problems as well in different papers. | en_US |
| dc.description.sponsorship | This material is based on work supported by the U.S. Office of Naval Research, Grant No. N00014-09-1-0597. Any opinions, findings, conclusions or recommendations therein are those of the author(s) and do not necessarily reflect the views of the Office of Naval Research. | en_US |
| dc.language.iso | en_US | en_US |
| dc.publisher | © Massachusetts Institute of Technology | en_US |
| dc.relation.ispartofseries | ECIR Working Paper No. 2009-5 | |
| dc.rights | Attribution-NonCommercial-NoDerivs 3.0 United States | * |
| dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/3.0/us/ | * |
| dc.title | Rational robustness for mechanism design | en_US |
| dc.type | Working Paper | en_US |
| dc.identifier.citation | Chen, J., & Micali, S. (2009). Rational robustness for mechanism design (ECIR Working Paper No. 2009-5, first draft). MIT Political Science Department. | en_US |
| dc.eprint.version | Author's final manuscript. | en_US |
