Seminar on Economics: Undominated Mechanisms

Speaker: Prof. Jiangtao LI, Associate Professor, School of Economics, Singapore Management University

Date:15 Nov 2023 (Wed)

Time:14:00 – 15:15

Language: English

Venue: E21B-G002

Abstract: A mechanism is dominated by another mechanism if the latter mechanism generates a weakly higher ex post revenue for all valuation profiles and a strictly higher ex post revenue for at least one valuation profile. A mechanism is undominated if there is no mechanism that dominates it. We study the class of undominated mechanisms in various environments