Browsing Articles & Book Chapters by Author "Chen, Jing"
Now showing items 1-3 of 3
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Collusive dominant-strategy truthfulness
Chen, Jing; Micali, Silvio (© Elsevier B.V., 2012-01-17)We show that collusion and wrong beliefs may cause a dramatic efficiency loss in the Vickrey mechanism for auctioning a single good in limited supply. We thus put forward a new mechanism guaranteeing efficiency in a very ... -
The order independence of iterated dominance in extensive games
Chen, Jing; Micali, Silvio (John Wiley & Sons, Inc./© Jing Chen, & Silvio Micali, 2013-01-22)Shimoji and Watson (1998) prove that a strategy of an extensive game is rationalizable in the sense of Pearce if and only if it survives the maximal elimination of conditionally dominated strategies. Briefly, this process ... -
Tight revenue bounds with possibilistic beliefs and level-k rationality
Chen, Jing; Micali, Silvio; Pass, Rafael (© The Econometric Society, 2015-07)Mechanism design enables a social planner to obtain a desired outcome by leveraging the players’ rationality and their beliefs. It is thus a fundamental, but yet unproven, intuition that the higher the level of rationality ...