Article ID Journal Published Year Pages File Type
957288 Journal of Economic Theory 2012 14 Pages PDF
Abstract

We study a notion of locally robust implementation that captures the idea that the planner may know agentsʼ beliefs well, but not perfectly. Locally robust implementation is a weaker concept than ex-post implementation, but we show that no regular allocation function is locally robust implementable in generic settings with quasi-linear utility, interdependent and bilinear values, and multi-dimensional payoff types.

Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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