Strictly strategy-proof auctions
Mathematical Social Sciences(2020)
摘要
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’.
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关键词
Mechanism design,Auction,Strategy-proof,Dominant strategy,Robustness,Virtual
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