B Lester, A Shourideh… - Journal of Political …, 2019 - journals.uchicago.edu
We incorporate a search-theoretic model of imperfect competition into a standard model of asymmetric information with unrestricted contracts. We characterize the unique equilibrium …
L Doval, V Skreta - Econometrica, 2022 - Wiley Online Library
We develop a tool akin to the revelation principle for dynamic mechanism‐selection games in which the designer can only commit to short‐term mechanisms. We identify a canonical …
M Halac, P Yared - Journal of Political Economy, 2020 - journals.uchicago.edu
A principal faces an agent who is better informed but biased toward higher actions. She can verify the agent's information and specify his permissible actions. We show that if the …
Motivated by the question of how one should evaluate professional election forecasters, we study a novel dynamic mechanism design problem without transfers. A principal who wishes …
L Doval, V Skreta - Mathematics of Operations Research, 2024 - pubsonline.informs.org
We provide tools to analyze information design problems subject to constraints. We do so by extending an insight by Le Treust and Tomala to the case of multiple inequality and equality …
We consider a general social choice environment that has multiple agents, a finite set of alternatives, independent types, and atomless type distribution. We show that for any …
We provide two examples in a pure moral hazard setting with two principals and two agents. Example 1 shows that a strongly robust equilibrium in simple (direct) mechanisms can no …
An object is allocated among a number of agents. The optimal allocation depends on the agents' information about their peers, but each agent wants the object for themself. Monetary …
We cast mechanism design with evidence in the framework of Myerson (1982), whereby his generalized revelation principle directly applies and yields standard notions of incentive …