Benoît, Jean-Pierre; Ok, Efe A. - In: Games and Economic Behavior 64 (2008) 1, pp. 51-67
For a society that consists of at least three individuals, we show that a social choice rule is Maskin monotonic if and only if it is Nash implementable by means of a mechanism that is stochastic or a mechanism that contains (arbitrary) awards. In equilibrium, the mechanisms do not have any...