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...

This paper performs a welfare analysis of economies with private information when public information is endogenously generated and agents can condition on noisy public statistics in the rational expectations tradition. We find that equilibrium is not (restricted) efficient even when feasible...

This paper performs a welfare analysis of economies with private information when public information is endogenously generated and agents can condition on noisy public statistics in the rational expectations tradition. We find that equilibrium is not (restricted) efficient even when feasible...