Showing 1 - 10 of 17
equivalent (implying that so are the theory of implementation and the Nash program). This facilitates the understanding of the … ``real implementation'' is examined. …
Persistent link: https://www.econbiz.de/10005827443
We view achieving a particular correlated equilibrium distribution for a normal form game as an implementation problem …
Persistent link: https://www.econbiz.de/10010318905
This paper is a survey of the work in the Nash program for coalitional games, a research agenda proposed by Nash (1953) to bridge the gap between the non-cooperative and cooperative approaches to game theory.
Persistent link: https://www.econbiz.de/10010318959
We provide a mechanism that approximately implements the Mas-Colell bargaining set in subgame perfect equilibrium. The mechanism is based on the definition of the Mas-Colell bargaining set, and respects feasibility in and out of equilibrium.
Persistent link: https://www.econbiz.de/10010318986
rationalizable implementation. Set-monotonicity is much weaker than Maskin monotonicity, which is the key condition for Nash … implementation and which also had been shown to be necessary for rationalizable implementation of social choice functions. Set …-monotonicity reduces to Maskin monotonicity in the case of functions. We conclude that the conditions for rationalizable implementation are …
Persistent link: https://www.econbiz.de/10011669323
The Nash program is an important research agenda initiated in Nash (Econometrica 21:128-140, 1953) in order to bridge the gap between the noncooperative and cooperative counterparts of game theory. The program is thus turning sixty-seven years old, but I will argue it is not ready for...
Persistent link: https://www.econbiz.de/10014496060
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 …
Persistent link: https://www.econbiz.de/10005764668
We view achieving a particular correlated equilibrium distribution for a normal form game as an implementation problem …
Persistent link: https://www.econbiz.de/10005764675
implementation. This is done through a reinterpretation of the characteristic function that avoids feasibility problems, thereby … cooperative solution that is Maskin monotonic. Thus, implementation of most cooperative solutions must rely on refinements of the …
Persistent link: https://www.econbiz.de/10005772396
equivalent (implying that so are the theory of implementation and the Nash program). This clarifies some misunderstandings (in …
Persistent link: https://www.econbiz.de/10005357964