Robust mechanism design : the role of private information and higher order beliefs / Dirk Bergemann, Stephen Morris.

Format:

Book

Author/Creator:

Bergemann, Dirk.

Contributor:

Morris, Stephen.

Series:

World Scientific series in economic theory ; v. 2.

World scientific series in economic theory ; v. 2

Language:

English

Subjects (All):

Robust control.

Prices.

Physical Description:

1 online resource (471 p.)

Edition:

1st ed.

Place of Publication:

Hackensack, N.J. : World Scientific Pub., 2012.

Language Note:

English

Summary:

This volume brings together the collected contributions on the theme of robust mechanism design and robust implementation that Dirk Bergemann and Stephen Morris have been working on for the past decade. The collection is preceded by a comprehensive introductory essay, specifically written for this volume with the aim of providing the readers with an overview of the research agenda pursued in the collected papers. The introduction selectively presents the main results of the papers, and attempts to illustrate many of them in terms of a common and canonical example, namely a single unit auction

Contents:

Foreword

Introduction

Robust mechanism design

Ex post implementation

Robust implementation in direct mechanisms

Robust implementation in general mechanisms

The role of the common prior in robust implementation

An ascending auction for interdependent values : uniqueness and robustness to strategic uncertainty

Robust virtual implementation

Multidimensional private value auctions

The robustness of robust implementation

Rationalizable implementation

Pricing without priors.

Notes:

Description based upon print version of record.

Includes bibliographical references and indexes.

ISBN:

1-280-66979-9

9786613646729

981-4374-59-8

OCLC:

794263001