We develop a tool akin to the revelation principle for dynamic mechanism‐selection games in which designer can only commit short‐term mechanisms. identify canonical class of mechanisms rich enough replicate outcomes any equilibrium game between an uninformed and privately informed agent. A cornerstone our methodology is idea that mechanism should encode not rules determine allocation, but also ...

In de Clippel et al. (2019), it is shown that, perhaps surprisingly, the set of implementable social choice functions essentially same whether agents have bounded depth reasoning or rational expectations. The picture quite different when taking into account possibility small modeling mistakes. While continuous (strict) equilibrium implementation becomes very demanding (Oury and Tercieux (2012) ...