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Incentives for Experimenting Agents
We examine a repeated interaction between an agent, who undertakes experiments, and a principal who provides the requisite funding for these experiments. The agent’s actions are hidden, and the principal, who makes the offers, cannot…
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Robust Mechanism Design
Economists’ analysis of mechanism design under incomplete information relies on strong assumptions about economic agents’ beliefs and common knowledge of those beliefs. This talk will survey an approach to mechanism design that aims to relax…