CFDP 1532

Information in Mechanism Design

Author(s): 

Publication Date: August 2005

Pages: 50

Abstract: 

We survey the recent literature on the role of information for mechanism design. We specifically consider the role of endogeneity of and robustness to private information in mechanism design.

We view information acquisition of and robustness to private information as two distinct but related aspects of information management important in many design settings. We review the existing literature and point out directions for additional future work.

Keywords: 

Mechanism Design, Information Acquisition, Ex Post Equilibrium, Robust Mechanism Design, Interdependent Values, Information Management

JEL Classification Codes:  C79, D82