Showing 1 - 10 of 13,299
Persistent link: https://www.econbiz.de/10012105845
Persistent link: https://www.econbiz.de/10015047798
This paper provides a micro-foundation for approximate incentive compatibility using ambiguity aversion. In particular, we propose a novel notion of approximate interim incentive compatibility, approximate local incentive compatibility, and establish an equivalence between approximate local...
Persistent link: https://www.econbiz.de/10013289899
A sender designs an information structure to persuade a receiver to take an action. The sender is ignorant about the receiver's prior, and evaluates each information structure using the receiver's prior that is the worst for the sender. I characterize the optimal information structures in this...
Persistent link: https://www.econbiz.de/10013327114
Persistent link: https://www.econbiz.de/10014330678
Persistent link: https://www.econbiz.de/10014472264
We extend the equivalence between Bayesian and dominant strategy implementation established by Gershkov et al. (Econometrica, 2013) to environments with non-linear utilities satisfying the average single-crossing property and the convex-valued assumption. The new equivalence result produces...
Persistent link: https://www.econbiz.de/10011389528
We consider general social choice environments with private values and correlated types. Each agent's matrix of conditional probabilities satisfies the full rank condition. We show that for any Bayesian incentive compatible mechanism there exists a dominant strategy incentive compatible...
Persistent link: https://www.econbiz.de/10009781889
Persistent link: https://www.econbiz.de/10011939748
Persistent link: https://www.econbiz.de/10011548611