Tight revenue bounds with possibilistic beliefs and level-k rationality
Mechanism design enables a social planner to obtain a desired outcome by leveraging the players’ rationality and their beliefs. It is thus a fundamental, but yet unproven, intuition that the higher the level of rationality of the players, the better the set of obtainable outcomes. In this paper, we...
| Main Authors: | , , |
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| Format: | Article |
| Language: | en_US |
| Published: |
© The Econometric Society
2022
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| Online Access: | https://doi.org/10.3982/ECTA12563 https://hdl.handle.net/1721.1/141767 |