Repeated implementation: A practical characterization
نویسندگان
چکیده
منابع مشابه
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In the traditional static implementation literature it is often impossible for implementors to enforce their optimal outcomes. And when restricting the choice to dominant-strategy implementation, only the dictatorial choices of one of the participants are implementable. Repeated implementation problems are drastically different. In this paper we provide an implementation “folk theorem”: for pat...
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This paper examines repeated implementation of a social choice function (SCF) with infinitely-lived agents whose preferences are determined randomly in each period. An SCF is repeated-implementable in Nash equilibrium if there exists a sequence of (possibly history-dependent) mechanisms such that (i) its Nash equilibrium set is non-empty and (ii) every Nash equilibrium outcome corresponds to th...
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ژورنال
عنوان ژورنال: Journal of Economic Theory
سال: 2019
ISSN: 0022-0531
DOI: 10.1016/j.jet.2019.01.002