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We study dominant strategy implementation especially in economic environments. We first showthat in general environments, strategy-proofness and quasi-strong-non-bossiness together are necessary and sufficient for dominant strategy implementation via the associated direct revelationmechanism. We...
Persistent link: https://www.econbiz.de/10003371461
definitions of ambiguity in the literature. Location invariance is applied to normal form games where players perceive strategic …
Persistent link: https://www.econbiz.de/10015070507
games. First, for any bargaining game there is defined a non-cooperative game in strategic form, whose unique Nash …
Persistent link: https://www.econbiz.de/10014150876
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...
Persistent link: https://www.econbiz.de/10011689095
Suppose that the goals of a society can be summarized in a social choice rule, i.e., a mapping from relevant underlying parameters to final outcomes. Typically, the underlying parameters (e.g., individual preferences) are private information to the agents in society. The implementation problem...
Persistent link: https://www.econbiz.de/10010318948
In this paper, we study full implementation problem by mechanisms that allow delay. The delay on the equilibrium path may be zero, infinitesimally small or a fixed positive number. In all these three cases, implementable rules are characterized by a monotonicity-like condition alone, including...
Persistent link: https://www.econbiz.de/10013087001
This article investigates rationalizable implementation in social environments where agents can provide hard evidence on the private information they possess. Specifically, we study necessary and sufficient conditions for virtual implementation using a notion of Rationalizability that captures...
Persistent link: https://www.econbiz.de/10012824770
, Thomson (Games and Economic Behavior, 52: 186-200, 2005) and Dogan (Games and Economic Behavior, 98: 165-171, 2016) propose …
Persistent link: https://www.econbiz.de/10012867552
We consider the implementation problem under incomplete information and private values. We investigate double implementability of social choice functions in dominant strategy equilibria and ex post equilibria. We show that the notion of an ex post equilibrium is weaker than the notion of a...
Persistent link: https://www.econbiz.de/10012848756
We consider full-truthful Nash implementation, which requires that truth telling by each agent should be a Nash equilibrium of a direct revelation mechanism, and that the set of Nash equilibrium outcomes of the mechanism should coincide with the f-optimal outcome. We show that restricted...
Persistent link: https://www.econbiz.de/10014055463