Continuous implementation with payoff knowledge

• Main Authors: CHEN, Yi-Chun, KUNIMOTO, Takashi, SUN, Yifei
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2023
• Subjects: Continuous implementation; Full implementation; Incentive compatibility; Robustness; Transfers; Economic Theory
• Online Access: https://ink.library.smu.edu.sg/soe_research/2672; https://ink.library.smu.edu.sg/context/soe_research/article/3671/viewcontent/continuous_implementation_Nov_24_2022_sv.pdf
• Institution: Singapore Management University

The literature on robust mechanism design assumes players' knowledge about a fixed payoff environment and investigates global robustness of optimal mechanisms to large changes in the information structure. Acknowledging global robustness as a demanding requirement, we propose continuous impleme...