Implementation via Nash Equilibria
AbstractThis 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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Bibliographic InfoArticle provided by Econometric Society in its journal Econometrica.
Volume (Year): 60 (1992)
Issue (Month): 1 (January)
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