Robust Mechanism Design: An Analogy-Based Expectation Equilibrium Perspective

Book section: In this short essay, I revisit the idea of robust mechanism design explicitly taking into account that it may be hard to access the beliefs held by agents in previous plays of the mechanism. I propose modelling such an environment using the apparatus of the analogy-based expectation equilibrium with payoff-relevant analogy partitions. Such an approach allows to move away from impossibility results that arise with ex post implementation.

Author(s)

Philippe Jehiel

Publisher(s)
  • Springer
Scientific editor(s)
  • Jean-François Laslier
  • Hervé Moulin
  • M. Remzi Sanver
  • William S. Zwicker
Title of the work
  • The Future of Economic Design
Date of publication
  • 2019
Pages
  • 321-325
Version
  • 1