Robust Mechanism Design: An Introduction

Cowles Foundation Discussion Paper No. 1818

Economic Theory Center Working Paper No. 020-2011

ROBUST MECHANISM, D. Bergemann & S. Morris, eds., World Scientific, Forthcoming

48 Pages Posted: 19 Aug 2011

See all articles by Dirk Bergemann

Dirk Bergemann

Yale University - Cowles Foundation - Department of Economics; Yale University - Cowles Foundation

Stephen Morris

Princeton University - Department of Economics

Date Written: August 18, 2011

Abstract

This essay is the introduction for a collection of papers by the two of us on "Robust Mechanism Design" to be published by World Scientific Publishing. The appendix of this essay lists the chapters of the book.

The objective of this introductory essay is to provide the reader with an overview of the research agenda pursued in the collected papers. The introduction selectively presents the main results of the papers, and attempts to illustrate many of them in terms of a common and canonical example, the single unit auction with interdependent values.

In addition, we include an extended discussion about the role of alternative assumptions about type spaces in our work and the literature, in order to explain the common logic of the informational robustness approach that unifies the work in this volume.

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

JEL Classification: C79, D82

Suggested Citation

Bergemann, Dirk and Morris, Stephen Edward, Robust Mechanism Design: An Introduction (August 18, 2011). Cowles Foundation Discussion Paper No. 1818; Economic Theory Center Working Paper No. 020-2011; ROBUST MECHANISM, D. Bergemann & S. Morris, eds., World Scientific, Forthcoming. Available at SSRN: https://ssrn.com/abstract=1912000

Dirk Bergemann (Contact Author)

Yale University - Cowles Foundation - Department of Economics ( email )

28 Hillhouse Ave
New Haven, CT 06520-8268
United States
203-432-3592 (Phone)
203-432-2128 (Fax)

HOME PAGE: http://www.econ.yale.edu/~dirk/

Yale University - Cowles Foundation

Box 208281
New Haven, CT 06520-8281
United States

Stephen Edward Morris

Princeton University - Department of Economics ( email )

Princeton, NJ 08544-1021
United States

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