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We study the design of mechanisms that implement Lindahl or Walrasian allocations and whose Nash equilibria are … dynamically stable for a wide class of adaptive dynamics. We argue that supermodularity is not a desirable stability criterion in … this mechanism design context, focusing instead on contractive mechanisms. We provide necessary and sufficient conditions …
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The implementation problem is the problem of designing a mechanism (game form) such that the equilibrium outcomes …-implemented. Even non-monotonic social choice rules can be implemented using Nash equilibrium refinements. The implementation problem … can be made more challenging by imposing additional requirements on the mechanisms, such as robustness to renegotiation …
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We show that Ergin & Sönmez's (2006) results which show that for schools it is a dominant strategy to truthfully rank the students under the Boston mechanism, and that the Nash equilibrium outcomes in undominated strategies of the induced game are stable, rely crucially on two assumptions....
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We introduce a new class of matching mechanisms - quantile stable mechanisms - that generate stable matchings that can … the existence of such mechanisms and that all such mechanisms are distinct. We also analyze the manipulability of these … mechanisms by market participants. …
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mechanisms that are robust to bounded rationality. This approach is a tool for constructing supermodular mechanisms, i ….e. mechanisms that induce games with strategic complementarities. In quasilinear environments, I prove that if a social choice … interval among all supermodular mechanisms. This is followed by conditions for supermodular implementability in unique …
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