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This paper studies implementation problems in the wake of a recent new trend of implementation theory which incorporates a non-consequentialist flavor of the evidence from experimental and behavioral economics into the issues. Specifically, following the seminal works by Matsushima (2008) and...
Persistent link: https://www.econbiz.de/10008839197
This paper studies implementation problems in the wake of a recent trend of implementation of non-consequentialist nature, which draws on the evidence taken from experimental and behavioral economics. Specifically, following the seminal works by Matsushima (2008) and Dutta and Sen (2009), the...
Persistent link: https://www.econbiz.de/10009364302
Noting that a full characterization of Nash-implementation is given using a canonical-mechanism and Maskin’s theorem (Maskin, 1999) is shown using a mechanism with Saijo’s type of strategy space reduction (Saijo, 1988), this paper fully characterizes the class of Nashimplementable social...
Persistent link: https://www.econbiz.de/10009019940
In a two-agent society with partially-honest agents, we extend Dutta and Sen (2009)'s results of Nash implementation to the domain of weak orders. We identify the class of Nash implementable social choice correspondences with a "gap" between necessary and sufficient conditions, both when exactly...
Persistent link: https://www.econbiz.de/10008776841
An agent is said to be partially honest if he or she weakly prefers an outcome at a strategy profile with his truthful strategy than an outcome at a strategy profile with his false strategy, then this player must prefer strictly the \true" strategy profille to the \false" strategy profile. In...
Persistent link: https://www.econbiz.de/10009393786
[E. Maskin, \emph{Rev. Econom. Stud.} \textbf{66} (1999) 23-38] is a seminal paper in the field of mechanism design and implementation theory. [J. Moore and R. Repullo, \emph{Econometrica} \textbf{58} (1990) 1083-1099] and [B. Dutta and A. Sen, \emph{Rev. Econom. Stud.} \textbf{58} (1991)...
Persistent link: https://www.econbiz.de/10008595611
Quantum strategies have been successfully applied in game theory for years. However, as a reverse problem of game theory, the theory of mechanism design is ignored by physicists. In this paper, we generalize the classical theory of mechanism design to a quantum domain and obtain two results: 1)...
Persistent link: https://www.econbiz.de/10008529269
In this paper, we give a sufficient condition for double implementation in Nash and M-Nash equilibria. Furthermore, we discuss the mechanism with transfers and prove that some important social choice rules are doubly implemented in Nash and M-Nash equilibria by the mechanism with transfers.
Persistent link: https://www.econbiz.de/10010572145
We generalize the canonical problem of Nash implementation by allowing agents to voluntarily provide discriminatory signals, i.e. evidence. Evidence can either take the form of hard information or, more generally, have differential but non-prohibitive costs in different states. In such...
Persistent link: https://www.econbiz.de/10009150537
Abstract: In this paper we explore the problem of Nash implementation providing new sufficient conditions called I-monotonicity and I-weak no-veto power. Firstly, we show that these conditions together with unanimity are sufficient for the implementation of social choice correspondences (SCCs)...
Persistent link: https://www.econbiz.de/10011167026