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Robust Subgame Perfect Implementation
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TOPIC:
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Robust Subgame Perfect Implementation
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ABSTRACT
We revisit robustness of the Moore-Repullo mechanism for subgame perfect implementation to a small amount of incomplete information. Contrary to the findings of Aghion et al. (2012) that the mechanism cannot robustly implement a non-monotonic social choice function in a interdependent-value setting, we show that a slightly modified Moore-Repullo mechanism robustly implements any social choice function in a private-value setup. We also construct a two-stage mechanism that robustly implements any social choice function in a unique pure-strategy truth-telling equilibrium.
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Presenter
National University of Singapore
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Research Fields
Microeconomics, Mathematical Economics
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Date:
24 Sep 2014 (Wednesday)
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Time:
4pm - 5.30pm
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Venue:
Meeting Room 5.1, Level 5
School of Economics
Singapore Management University
90 Stamford Road
Singapore 178903
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