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The Robustness of Sequential Implementation under Information Perturbations

Ball, Ian et al.
arXiv (All) · Papers
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theoretical-economics
Bayesian monotonicity is a necessary condition for full implementation in Bayes-Nash equilibrium. Under the sequential equilibrium refinement, however, multi-stage mechanisms can expand the scope for implementation. We show that this additional implementation power is fragile. Whenever a multi-stage
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