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Strategic and structural uncertainty in robust implementation

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  • Yamashita, Takuro

Abstract

This paper discusses connections among several robustness concepts of mechanisms in terms of agents' behavior. Specifically, under “rich” interdependent-value environments (including private-value environments as a special case), we show that the implementation of any social choice correspondence in (one-round or iterative) undominated strategies is equivalent to Bayesian implementation with arbitrary type spaces.

Suggested Citation

  • Yamashita, Takuro, 2015. "Strategic and structural uncertainty in robust implementation," Journal of Economic Theory, Elsevier, vol. 159(PA), pages 267-279.
    • Handle: RePEc:eee:jetheo:v:159:y:2015:i:pa:p:267-279
    DOI: 10.1016/j.jet.2015.06.005
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    More about this item

    Keywords

    Implementation; Robust implementation; Strategic and structural uncertainty;
    All these keywords.

    JEL classification:

    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness

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