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We consider the implementation of social choice functions under complete information in rationalizable strategies. A … concept of rationalizability. Assuming the social choice function is responsive (i.e., it never selects the same outcome in …
Persistent link: https://www.econbiz.de/10008476247
rationalizable implementation. Set-monotonicity is much weaker than Maskin monotonicity, which is the key condition for Nash … implementation and which also had been shown to be necessary for rationalizable implementation of social choice functions. Set …-monotonicity reduces to Maskin monotonicity in the case of functions. We conclude that the conditions for rationalizable implementation are …
Persistent link: https://www.econbiz.de/10011669323
rationalizable implementation. Set-monotonicity is much weaker than Maskin monotonicity, which is the key condition for Nash … implementation and which also had been shown to be necessary for rationalizable implementation of social choice functions. Set …-monotonicity reduces to Maskin monotonicity in the case of functions. We conclude that the conditions for rationalizable implementation are …
Persistent link: https://www.econbiz.de/10011483605
Persistent link: https://www.econbiz.de/10012128365
choice function. This definition is equivalent to requiring virtual implementation in iterated deletion of strategies that … necessary and sufficient for robust virtual implementation. …
Persistent link: https://www.econbiz.de/10011599415
choice function. This definition is equivalent to requiring virtual implementation in iterated deletion of strategies that … necessary and sufficient for robust virtual implementation. …
Persistent link: https://www.econbiz.de/10011699160
to requiring virtual implementation in iterated deletion of strategies that are strictly dominated for all beliefs. The … implementation. …
Persistent link: https://www.econbiz.de/10005087388
This essay is the introduction for a collection of papers by the two of us on "Robust Mechanism Design" to be published by World Scientific Publishing. The appendix of this essay lists the chapters of the book. The objective of this introductory essay is to provide the reader with an overview of...
Persistent link: https://www.econbiz.de/10009251220
We consider an single object auction environment with interdependent valuations and a generalized Vickrey-Clark-Groves allocation mechanism that allocates the object almost efficiently in a strict ex post equilibrium. If there is a significant amount of interdependence, there are multiple...
Persistent link: https://www.econbiz.de/10005463846
to requiring virtual implementation in iterated deletion of strategies that are strictly dominated for all beliefs. The … implementation. …
Persistent link: https://www.econbiz.de/10005593300