IDEAS home Printed from https://ideas.repec.org/p/ris/smuesw/2024_012.html
   My bibliography  Save this paper

Undominated mechanisms

Author

Listed:
  • Borgers, Timan

    (University of Michigan)

  • Li, Jiangtao

    (Singapore Management University)

  • Wang, Kexin

    (Singapore Management University)

Abstract

We study the design of mechanisms when the designer faces multiple plausible scenarios and is uncertain about the true scenario. A mechanism is dominated by another if the latter performs at least as well in all plausible scenarios and strictly better in at least one. A mechanism is undominated if no other feasible mechanism dominates it. We show how analyzing undominated mechanisms could be useful and illustrate the tractability of characterizing such mechanisms. This approach provides an alternative criterion for mechanism design under non-Bayesian uncertainty, complementing existing methods.

Suggested Citation

  • Borgers, Timan & Li, Jiangtao & Wang, Kexin, 2024. "Undominated mechanisms," Economics and Statistics Working Papers 12-2024, Singapore Management University, School of Economics.
    • Handle: RePEc:ris:smuesw:2024_012
    as

    Download full text from publisher

    File URL: https://ink.library.smu.edu.sg/soe_research/2773/
    File Function: Full text
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Robust Mechanism Design; Undominated Mechanisms; Maxmin Approrach; Regret Minimization; Second-price Auction; Random Reserve Price;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:smuesw:2024_012. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Cheong Pei Qi The email address of this maintainer does not seem to be valid anymore. Please ask Cheong Pei Qi to update the entry or send us the correct address (email available below). General contact details of provider: https://edirc.repec.org/data/sesmusg.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.