Are simple mechanisms optimal when agents are unsophisticated?

We study the design of mechanisms involving agents that have limited strategic sophistication. We define a mechanism to be simple if—given the assumed level of strategic sophistication—agents can determine their optimal strategy. We examine whether it is optimal for the mechanism designer who faces...

Full description

Saved in:
Bibliographic Details
Main Authors: LI, Jiangtao, DWORCZAK, Piotr
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2022
Subjects:
Online Access:https://ink.library.smu.edu.sg/soe_research/2547
https://ink.library.smu.edu.sg/context/soe_research/article/3546/viewcontent/SimpleOptimal__1_.pdf
Tags: Add Tag
No Tags, Be the first to tag this record!
Institution: Singapore Management University
Language: English