Under normal circumstances, competitive markets do an excellent job of supplying the goods that members society want and need. But in emergency like a pandemic, unassisted may not suffice. Imagine, for example, suddenly needs to obtain tens (or even hundreds) millions COVID-19 virus test kits week. Test this are new product, so it be clear who relevant set manufacturers are. If we had luxury ti...

This paper studies the design of mechanisms that are robust to misspecification. We introduce a novel notion robustness connects a variety disparate approaches and study its implications in wide class of mechanism problems. is quantifiable, allowing us to formalize answer comparative statics questions relating nature and degree misspecification to sharp predictions regarding features of f...