000 01213nam a22001577a 4500
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100 _aSchummer, James Velez, Rodrigo A.
_928780
245 _aSequential preference revelation in incomplete information settings
260 _aAmerican Economic Journal: Microeconomics
300 _a13(1), Feb, 2021: p.116-147
520 _aStrategy-proof allocation rules incentivize truthfulness in simultaneous move games, but real world mechanisms sometimes elicit preferences sequentially. Surprisingly, even when the underlying rule is strategy-proof and non-bossy, sequential elicitation can yield equilibria where agents have a strict incentive to be untruthful. This occurs only under incomplete information, when an agent anticipates that truthful reporting would signal false private information about others’ references. We provide conditions ruling out this phenomenon, guaranteeing all equilibrium outcomes to be welfare-equivalent to truthful ones.- Reproduced
650 _aStrategy-proofness; Sequential mechanisms; Implementation; Market design
_928781
773 _aAmerican Economic Journal: Microeconomics
906 _aMARKET DESIGN
942 _cAR