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Game Forms with Minimal Message Spaces

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  • Reichelstein, Stefan
  • Reiter, Stanley

Abstract

This paper is concerned with the amount of communication that must be provided to implement a performance standard by a mechanism whose stationary messages have the Nash property. In p articular, the authors study implementation of Walrasian allocations in exchange environments. They show that the smallest message space t hat implements Walrasian allo-cations is one of dimension, roughly, n E (. 1 1)& ./(n 1 1), where . is the number of commodities and n the number of agents. The authors exhibit an implementing mechanism whos e message space has that dimension. Copyright 1988 by The Econometric Society.

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Bibliographic Info

Article provided by Econometric Society in its journal Econometrica.

Volume (Year): 56 (1988)
Issue (Month): 3 (May)
Pages: 661-92

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Handle: RePEc:ecm:emetrp:v:56:y:1988:i:3:p:661-92

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Cited by:
  1. Maskin, Eric & Sjostrom, Tomas, 2002. "Implementation theory," Handbook of Social Choice and Welfare, in: K. J. Arrow & A. K. Sen & K. Suzumura (ed.), Handbook of Social Choice and Welfare, edition 1, volume 1, chapter 5, pages 237-288 Elsevier.
  2. Kenneth R. Mount & Stanley Reiter, 1996. "A lower bound on computational complexity given by revelation mechanisms (*)," Economic Theory, Springer, vol. 7(2), pages 237-266.
  3. Arya, Anil & Mittendorf, Brian, 2005. "Using disclosure to influence herd behavior and alter competition," Journal of Accounting and Economics, Elsevier, vol. 40(1-3), pages 231-246, December.
  4. Leonid Hurwicz, 1994. "Economic design, adjustment processes, mechanisms, and institutions," Review of Economic Design, Springer, vol. 1(1), pages 1-14, December.
  5. Healy, Paul J. & Mathevet, Laurent, 2012. "Designing stable mechanisms for economic environments," Theoretical Economics, Econometric Society, vol. 7(3), September.
  6. J. Jordan, 2009. "Communication complexity and stability of equilibria in economies and games," Review of Economic Design, Springer, vol. 13(1), pages 115-135, April.
  7. Saijo, Tatsuyoshi & Tatamitani, Yoshikatsu & Yamato, Takehiko, 1996. "Toward Natural Implementation," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 37(4), pages 949-80, November.
  8. Thomson, William, 2005. "Divide-and-permute," Games and Economic Behavior, Elsevier, vol. 52(1), pages 186-200, July.
  9. Ilya Segal, 2004. "The Communication Requirements of of Social Choice Rules and Supporting Budget Sets," Economics Working Papers 0039, Institute for Advanced Study, School of Social Science.
  10. Bhaskar Dutta & Arunava Sen & Rajiv Vohra, 1994. "Nash implementation through elementary mechanisms in economic environments," Review of Economic Design, Springer, vol. 1(1), pages 173-203, December.
  11. L. Hurwicz & S. Reiter, 1997. "On Transversals and Systems of Distinct Representatives," Discussion Papers 1176R, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  12. Bernarda Zamora & Pablo Amorós, 1998. "- Implementation Of Optimal Contracts Under Adverse Selection," Working Papers. Serie AD 1998-25, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  13. Segal, Ilya, 2007. "The communication requirements of social choice rules and supporting budget sets," Journal of Economic Theory, Elsevier, vol. 136(1), pages 341-378, September.

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