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Persistent link: https://www.econbiz.de/10005146009
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...
Persistent link: https://www.econbiz.de/10011042947
We show that a mechanism that robustly implements optimal outcomes in a one-dimensional supermodular environment continues to robustly implement ε-optimal outcomes in all close-by environments. Robust implementation of ε-optimal outcomes is thus robust to small perturbations of the...
Persistent link: https://www.econbiz.de/10009318602
Persistent link: https://www.econbiz.de/10005112504