Document Type
Discussion Paper
Publication Date
8-1-2005
CFDP Number
1532R
CFDP Revision Date
2006-01-01
CFDP Pages
42
Abstract
We survey the recent literature on the role of information in mechanism design. First, we discuss an emerging literature on the role of endogenous payoff and strategic information for the design and the efficiency of the mechanism. We specifically consider information management in the form of acquisition of new information or disclosure of existing information. Second, we argue that in the presence of endogenous information, the robustness of the mechanism to the type space and higher order beliefs becomes a natural desideratum. We discuss recent approaches to robust mechanism design and robust implementation.
Recommended Citation
Bergemann, Dirk and Välimäki, Juuso, "Information in Mechanism Design" (2005). Cowles Foundation Discussion Papers. 1819.
https://elischolar.library.yale.edu/cowles-discussion-paper-series/1819