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This paper shows that in private value environments, strategy-proofness and the rectangular property are necessary conditions for (full) robust implementation (Bergemann and Morris, 2011). As corollaries, we obtain the equivalence between robust and secure implementation (Saijo et al., 2007),...
Persistent link: https://www.econbiz.de/10010785201
We analyze the problem of a jury that must rank a set of contestants whose socially optimal ranking is common knowledge among jurors who may have friends among the contestants and may, therefore, be biased in their friends' favor. We show a natural mechanism that is finite and complete...
Persistent link: https://www.econbiz.de/10010931204