Commitment and Robustness in Mechanisms with Evidence 1

semanticscholar(2016)

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摘要
We show that in a class of I–agent mechanism design problems with evidence, commitment has no value for the principal, randomization has no value for the principal, and robust incentive compatibility has no cost. In particular, there is an equilibrium with a relatively simple structure in which the principal obtains the same outcome without commitment as the best he can achieve with commitment.
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