Robustly Ranking Mechanisms
Robustly Ranking Mechanisms
复制标题
强大的排名机制
DOI:
10.1257/aer.102.3.325
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发表时间:
2012
期刊:
影响因子:
--
通讯作者:
Doug Smith
中科院分区:
文献类型:
--
作者:
T. Börgers;Doug Smith
For a mechanism designer with an objective such as welfare we propose a method for robustly ranking mechanisms. The method is based on eliminating weakly dominated strategies only, and thus does not require any assumptions about agents' beliefs about each other except full support. We illustrate the usefulness of this method in two examples: bilateral trading and voting. In both examples we show that there are mechanisms that are ranked by our method above dominant strategy mechanisms. These examples question the literature's focus on dominant strategy mechanisms in cases when such mechanisms yield undesirable outcomes.