Title

Robust Mechanism Design: An Introduction

Author(s)

Dirk Bergemann Dirk Bergemann (Yale University)

Stephen Morris Stephen Morris (Princeton University)

Abstract

This essay is the introduction for a collection of papers by the two of us on ?Robust Mech- anism Design?to be published by World Scienti?c Publishing. The appendix of this essay lists the chapters of the book. The objective of this introductory essay is to provide the reader with an overview of the research agenda pursued in the collected papers. The introduction selectively presents the main results of the papers, and attempts to illustrate many of them in terms of a common and canonical example, the single unit auction with interdependent values. In addition, we include an extended discussion about the role of alternative assumptions about type spaces in our work and the literature, in order to explain the common logic of the informational robustness approach that uni?es the work in this volume.

Creation Date

2011-08

Section URL ID

ET

Paper Number

wp020_2011_Bergemann_Morris.pdf

URL

http://detc.princeton.edu/wp-content/uploads/2016/11/wp020_2011_Bergemann_Morris.pdf

File Function

Jel

C79, D82

Keyword(s)

Mechanism Design, Robust Mechanism Design, Common Knowledge, Universal Type Space, Interim Equilibrium, Ex Post Equilibrium, Dominant Strategies, Rationalizability, Partial Implementation

Suppress

false

Series

10