Chen, Yi-chun; Kunimoto, Takashi; Sun, Yifei; Xiong, Siyang - In: Theoretical economics : TE ; an open access journal in … 17 (2022) 4, pp. 1683-1717
The theory of full implementation has been criticized for using integer/modulo games, which admit no equilibrium (Jackson (1992)). To address the critique, we revisit the classical Nash implementation problem due to Maskin (1977, 1999) but allow for the use of lotteries and monetary transfers as...
