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We show that in a class of I‐agent mechanism design problems with evidence, commitment is unnecessary, randomization has no value, and robust incentive compatibility has no cost. In particular, for each agent i, we construct a simple disclosure game between the...
Persistent link: https://www.econbiz.de/10012097965
Persistent link: https://www.econbiz.de/10011026252
I characterize the implications of the common prior assumption for finite orders of beliefs about beliefs at a state and show that in finite models, the only such implications are those stemming from the weaker assumption of a common support. More precisely, given any finite N and any finite...
Persistent link: https://www.econbiz.de/10005333009
Persistent link: https://www.econbiz.de/10005130075