Hard evidence and ambiguity aversion View Full Text


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Article Info

DATE

2017-03

AUTHORS

Mehdi Ayouni, Frédéric Koessler

ABSTRACT

This article shows that if an allocation rule can be implemented with unlimited information certification, then it can also be implemented with limited information certification if the designer can use ambiguous communication mechanisms, and if agents are averse to ambiguity in the sense of maxmin expected utility. The reverse implication is true if there is a single agent and a worst outcome. More... »

PAGES

327-339

References to SciGraph publications

  • 2001-03. Implementation with partial verification in REVIEW OF ECONOMIC DESIGN
  • Identifiers

    URI

    http://scigraph.springernature.com/pub.10.1007/s11238-016-9575-7

    DOI

    http://dx.doi.org/10.1007/s11238-016-9575-7

    DIMENSIONS

    https://app.dimensions.ai/details/publication/pub.1039232134


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