Now showing items 1-3 of 3
Rational Robustness for Mechanism Design
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 ...
Perfect and General Virtual Implementation For Perfectly Informed Players
We show that, when the players are perfectly informed about each other, essentially all social-choice functions can be rationally robustly implemented via an extensive-form public-action mechanism that (1) is perfectly ...