An introduction to robust mechanism design

Dirk Bergemann, Stephen Morris

Research output: Contribution to journalArticlepeer-review

11 Scopus citations

Abstract

This essay provides an introduction to our recent work on robust mechanism design. The objective is to provide an overview of the research agenda and its results. We present the main results and illustrate many of them in terms of a common and canonical example, the single unit auction with interdependent values. In addition, we provide an extended discussion about the role of alternative assumptions about type spaces in our work, and the literature at large, in order to explain the common logic of the informational robustness approach that unifies the work.

Original languageEnglish (US)
Pages (from-to)169-230
Number of pages62
JournalFoundations and Trends in Microeconomics
Volume8
Issue number3
DOIs
StatePublished - 2012

All Science Journal Classification (ASJC) codes

  • Economics and Econometrics

Keywords

  • Common knowledge
  • Dominant strategies
  • Ex post equilibrium
  • Full implementation
  • Interim equilibrium
  • Mechanism design
  • Partial implementation
  • Rationalizability
  • Robust implementation
  • Robust mechanism design
  • Universal type space

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