Obvious Ex Post Equilibrium

S-Tier
Journal: American Economic Review
Year: 2017
Volume: 107
Issue: 5
Pages: 230-34

Score contribution per author:

8.043 = (α=2.01 / 1 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

I propose a new solution concept, obvious ex post (OXP) equilibrium. This is a formal standard of cognitive simplicity for mechanisms, in settings with interdependent values. Under some standard assumptions, the ascending auction has an efficient OXP equilibrium. I discuss a decision theoretic foundation for OXP mechanisms.

Technical Details

RePEc Handle
repec:aea:aecrev:v:107:y:2017:i:5:p:230-34
Journal Field
General
Author Count
1
Added to Database
2026-01-25