Locally robust implementation and its limits
Article dans une revue: We study a notion of locally robust implementation that captures the idea that the planner may know agentsʼ beliefs well, but not perfectly. Locally robust implementation is a weaker concept than ex-post implementation, but we show that no regular allocation function is locally robust implementable in generic settings with quasi-linear utility, interdependent and bilinear values, and multi-dimensional payoff types.
Auteur(s)
Philippe Jehiel, Moritz Meyer-Ter-Vehnc, Benny Moldovanu
Revue
- Journal of Economic Theory
Date de publication
- 2012
Mots-clés JEL
Mots-clés
- Robust implementation
- Interdependent values
- Multi-dimensional types
- Perturbed beliefs
Pages
- 2439-3452
URL de la notice HAL
Version
- 1
Volume
- 147