Robust virtual implementation: Toward a reinterpretation of the Wilson doctrine

A-Tier
Journal: Journal of Economic Theory
Year: 2013
Volume: 148
Issue: 2
Pages: 424-447

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 mechanism design problem where arbitrary restrictions are placed on the sets of first-order beliefs of agents. Calling these restrictions Δ, we use Δ-rationalizability (Battigalli and Siniscalchi, 2003, [5]) as our solution concept, and require that a mechanism virtually implement a socially desirable outcome. We obtain two necessary conditions, Δ-incentive compatibility and Δ-measurability and show that the latter is satisfied as long as a particular zero-measure set of first-order beliefs is ruled out. In environments allowing small transfers of utility among agents, these two conditions are also sufficient.

Technical Details

RePEc Handle
repec:eee:jetheo:v:148:y:2013:i:2:p:424-447
Journal Field
Theory
Author Count
3
Added to Database
2026-01-24