Commitment and Robustness in Mechanisms with Evidence
نویسندگان
چکیده
We show that in a class of I–agent mechanism design problems with evidence, commitment has no value for the principal, randomization has no value for the principal, and robust incentive compatibility has no cost. In particular, there is an equilibrium with a relatively simple structure in which the principal obtains the same outcome without commitment as the best he can achieve with commitment.
منابع مشابه
Mechanisms with Evidence: Commitment and Robustness
We show that in a class of I–agent mechanism design problems with evidence, commitment is unnecessary, randomization has no value, and robust incentive compatibility has no cost. In particular, for each agent i, we construct a simple disclosure game between the principal and agent i where the equilibrium strategies of the agents in these disclosure games give their equilibrium strategies in the...
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