Information in Mechanism Design
51 Pages Posted: 25 Aug 2005
Date Written: August 2005
We survey the recent literature on the role of information for mechanism design. We specifically consider the role of endogeneity of and robustness to private information in mechanism design. We view information acquisition of and robustness to private information as two distinct but related aspects of information management important in many design settings. We review the existing literature and point out directions for additional future work.
Note: An updated version of this abstract can be found at: http://ssrn.com/abstract=876970
Keywords: Mechanism design, information acquisition, ex post equilibrium, robust mechanism design, interdependent values, information management
JEL Classification: C79, D82
Suggested Citation: Suggested Citation