An Introduction to Robust Mechanism Design

An Introduction to Robust Mechanism Design

This essay provides an introduction to our recent work on robust mechanism design. The objective is to provide an overview of the research agenda and its results. We present the main results and illustrate many of them in terms of a common and canonical example, the single unit auction with interdependent values. In addition, we provide an extended discussion about the role of alternative assum...

AN INTRODUCTION TO ROBUST MECHANISM DESIGN By

This essay provides an introduction to our recent work on robust mechanism design. The objective is to provide an overview of the research agenda and its results. We present the main results and illustrate many of them in terms of a common and canonical example, the single unit auction with interdependent values. In addition, we provide an extended discussion about the role of alternative assum...

Robust Design: An introduction to Taguchi Methods

The theoretical foundations of Taguchi Methods were laid out by Genichi Taguchi, a Japanese engineer who began working for the telecommunications company, ECL (Electrical Communications Lab, a part of NT&T), in 1950’s. After World War II, his team was involved in the design of telephone system components, and successfully produced designs that performed better than their main rivals, Bell Labs,...

Dynamic Mechanism Design: An Introduction∗

We provide an introduction into the recent developments of dynamic mechanism design with a primary focus on the quasilinear case. First, we describe socially optimal (or effi cient) dynamic mechanisms. These mechanisms extend the well known Vickrey-Clark-Groves and D’Aspremont-Gérard-Varet mechanisms to a dynamic environment. Second, we discuss results on revenue optimal mechanism. We cover mod...

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