A robust optimization approach to mechanism design

A robust optimization approach to mechanism design

We study the design of mechanisms when the mechanism designer faces local uncertainty about agents’ beliefs. Specifically, we consider a designer who does not know the exact beliefs of the agents but is confident that her estimate is within ϵ of the beliefs held by the agents (where ϵ reflects the d...

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Bibliographic Details
Main Authors: LI, Jiangtao, WANG, Kexin
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2024
Subjects:
mechanism design
local uncertainty
interim belief
robust optimization
duality approach
Economic Theory
Online Access:https://ink.library.smu.edu.sg/soe_research/2765
https://ink.library.smu.edu.sg/context/soe_research/article/3764/viewcontent/RobustBayesian.pdf
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Institution: Singapore Management University
Language: English

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https://ink.library.smu.edu.sg/soe_research/2765
https://ink.library.smu.edu.sg/context/soe_research/article/3764/viewcontent/RobustBayesian.pdf

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