2000 character limit reached
Strictly strategy-proof auctions
Published 31 Jul 2018 in econ.TH | (1807.11864v4)
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'.
Paper Prompts
Sign up for free to create and run prompts on this paper using GPT-5.
Top Community Prompts
Collections
Sign up for free to add this paper to one or more collections.