Uncertainty, efficiency and incentive compatibility: ambiguity solves the conflict between efficiency and incentive compatibility
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Publication:1622382
DOI10.1016/j.jet.2018.02.008zbMath1417.91159MaRDI QIDQ1622382
Nicholas C. Yannelis, Luciano I. de Castro
Publication date: 19 November 2018
Published in: Journal of Economic Theory (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1016/j.jet.2018.02.008
asymmetric information; ambiguity aversion; mechanism design; incentive compatibility; second-best; first-best
91B06: Decision theory
91A40: Other game-theoretic models
91B50: General equilibrium theory
91B08: Individual preferences
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