Locally robust implementation and its limits

A-Tier
Journal: Journal of Economic Theory
Year: 2012
Volume: 147
Issue: 6
Pages: 2439-2452

Score contribution per author:

1.341 = (α=2.01 / 3 authors) × 2.0x A-tier

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

Abstract

We study a notion of locally robust implementation that captures the idea that the planner may know agentsʼ beliefs well, but not perfectly. Locally robust implementation is a weaker concept than ex-post implementation, but we show that no regular allocation function is locally robust implementable in generic settings with quasi-linear utility, interdependent and bilinear values, and multi-dimensional payoff types.

Technical Details

RePEc Handle
repec:eee:jetheo:v:147:y:2012:i:6:p:2439-2452
Journal Field
Theory
Author Count
3
Added to Database
2026-01-25