Agents are farsighted when they consider the ultimate results to which their own actions may lead to. We re-examine the classical questions of implementation theory under complete information in a setting with transfers where farsighted coalitions are regarded as fundamental behavioral units and...

Often preferences are such that any sensible goal must admit a tie between all alternatives. The standard formulation in mechanism design stipulates that in this case all alternatives must be equilibrium outcomes of the decision making mechanism. However, as far as the idea of an equilibrium is...

We say that a society has a weak norm against lying if, all other things being equal, agents rather lie in such a way that they do not get caught. We show that if this is the case then all incentive compatible social choice functions are Bayesian implementable, and furthermore, implementation...