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...
| Main Authors: | , , |
|---|---|
| Other Authors: | , |
| Format: | Article |
| Language: | English |
| Published: |
The Econometric Society,
2016-01-21T00:56:21Z.
|
| Subjects: | |
| Online Access: | Get fulltext |