Serrano, Roberto; Cabrales, Antonio - Centro de Estudios Monetarios y Financieros (CEMFI) - 2007
We study the classic implementation problem under the behavioral assumption that agents myopically adjust their actions … information. First, we show that a necessary condition for assymptotically stable implementation is a small variation of (Maskin … Nash implementation which has good dynamic properties if the rule is quasimonotonic. Thus, quasimonotonicity is both …