This paper is concerned with a problem of implementation of a given social choice correspondence. The authors introduces an essential monotonicity condition and show that any implementable social choice correspondence satisfies this condition. Conversely, in a case of three or more participants, any essentially monotone social choice correspondence is implementable. In a case of two participants, the essential monotonicity condition must be completed by a requirement that the social choice correspondence is close to an individually rational correspondence. Copyright 1992 by The Econometric Society.
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Article provided by Econometric Society in its journal Econometrica.
Volume (Year): 60 (1992) Issue (Month): 1 (January) Pages: 43-56 Download reference. The following formats are available: HTML
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Maskin, Eric & Sjostrom, Tomas, 2001.
"Implementation Theory,"
Working Papers
5-01-1, Pennsylvania State University, Department of Economics.
[Downloadable!]
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.
[Downloadable!] (restricted)