Information requirements for mechanism design
研究了在买家众多且设计者与参与者均缺乏买家信息准确性的先验分布时,一种处理相互依赖价值问题的拍卖机制,该机制表现良好。
Standard mechanism design begins with a statement of the problem, including knowledge on the designer's part about the distribution of the characteristics (preferences and information) of the participants who are to engage with the mechanism. There is a large literature on robust mechanism design, much of which aims to reduce the assumed information the designer has about the participants. In this paper we provide an auction mechanism for interdependent value problems that performs well when there are many buyers, even though there is no prior distribution over the accuracy of buyers' information on the part of the designer or the participants.