Showing 1 - 10 of 30
Persistent link: https://www.econbiz.de/10003473553
Implementation in iteratively undominated strategies relies on permissive conditions. However, for the sufficiency results available, authors have relied on assumptions that amount to quasilinear preferences on a numeraire. We uncover a new necessary condition that implies that such assumptions...
Persistent link: https://www.econbiz.de/10008669365
Persistent link: https://www.econbiz.de/10009726494
Persistent link: https://www.econbiz.de/10009412849
This paper investigates rationalizable implementation of social choice functions (SCFs) in incomplete information environments. We identify weak interim rationalizable monotonicity (weak IRM) as a novel condition and show that weak IRM is a necessary and almost sufficient condition for...
Persistent link: https://www.econbiz.de/10014092004
Persistent link: https://www.econbiz.de/10015047798
Persistent link: https://www.econbiz.de/10014247071
Persistent link: https://www.econbiz.de/10002449416
We characterize full implementation of social choice sets in mixedstrategy Bayesian equilibrium. Our results concern both exact and virtual mixed implementation. For exact implementation, we identify a strengthening of Bayesian monotonicity, which we refer to as mixed Bayesian monotonicity. It...
Persistent link: https://www.econbiz.de/10003897853
Persistent link: https://www.econbiz.de/10003480181