Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
957288 | Journal of Economic Theory | 2012 | 14 Pages |
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.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Philippe Jehiel, Moritz Meyer-ter-Vehn, Benny Moldovanu,