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Strategyproofness-Exposing Mechanism Descriptions

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Listed:
  • Yannai A. Gonczarowski
  • Ori Heffetz
  • Clayton Thomas

Abstract

A menu description presents a mechanism to player i in two steps. Step (1) uses the reports of other players to describe i’s menu: the set of i’s potential outcomes. Step (2) uses i’s report to select i’s favorite outcome from her menu. Can menu descriptions better expose strategyproofness, without sacrificing simplicity? We propose a new, simple menu description of Deferred Acceptance. We prove that—in contrast with other common matching mechanisms—this menu description must differ substantially from the corresponding traditional description. We demonstrate, with a lab experiment on two elementary mechanisms, the promise and challenges of menu descriptions.

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  • Yannai A. Gonczarowski & Ori Heffetz & Clayton Thomas, 2023. "Strategyproofness-Exposing Mechanism Descriptions," NBER Working Papers 31506, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberwo:31506
    Note: EH LS PE
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    More about this item

    JEL classification:

    • D47 - Microeconomics - - Market Structure, Pricing, and Design - - - Market Design
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design

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