A strictly strategy-proof mechanism is one that asks agents to use strictly dominant strategies. In the canonical one-dimensional mechanism design setting with private values, we show that strict strategy-proofness is equivalent to strict monotonicity plus the envelope formula, echoing a well-known characterisation of (weak) strategy-proofness. A consequence is that strategy-proofness can be made strict by an arbitrarily small modification, so that strictness is ‘essentially for free’.
Strictly strategy-proof auctions / Escudé, Matteo; Sinander, Ludvig. - In: MATHEMATICAL SOCIAL SCIENCES. - ISSN 0165-4896. - 107:(2020), pp. 13-16. [10.1016/j.mathsocsci.2020.07.002]
Strictly strategy-proof auctions
Matteo Escudé
;
2020
Abstract
A strictly strategy-proof mechanism is one that asks agents to use strictly dominant strategies. In the canonical one-dimensional mechanism design setting with private values, we show that strict strategy-proofness is equivalent to strict monotonicity plus the envelope formula, echoing a well-known characterisation of (weak) strategy-proofness. A consequence is that strategy-proofness can be made strict by an arbitrarily small modification, so that strictness is ‘essentially for free’.File | Dimensione | Formato | |
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