Double implementation in Nash and M-Nash equilibria
AbstractIn this paper, we give a sufficient condition for double implementation in Nash and M-Nash equilibria. Furthermore, we discuss the mechanism with transfers and prove that some important social choice rules are doubly implemented in Nash and M-Nash equilibria by the mechanism with transfers.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 116 (2012)
Issue (Month): 1 ()
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Web page: http://www.elsevier.com/locate/ecolet
Nash implementation; M-Nash implementation; Double implementation; Mechanism with transfers;
Find related papers by JEL classification:
- D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Sang-Chul Suh, 1996. "An algorithm for checking strong Nash implementability," Journal of Mathematical Economics, Elsevier, vol. 25(1), pages 109-122.
- Schmeidler, David, 1980. "Walrasian Analysis via Strategic Outcome Functions," Econometrica, Econometric Society, vol. 48(7), pages 1585-93, November.
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- Sang-Chul Suh, 1997. "Double implementation in Nash and strong Nash equilibria," Social Choice and Welfare, Springer, vol. 14(3), pages 439-447.
- Maskin, Eric, 1999.
"Nash Equilibrium and Welfare Optimality,"
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- Eric Maskin, 1998. "Nash Equilibrium and Welfare Optimality," Harvard Institute of Economic Research Working Papers 1829, Harvard - Institute of Economic Research.
- Peter Fristrup & Hans Keiding, 2001. "Strongly implementable social choice correspondences and the supernucleus," Social Choice and Welfare, Springer, vol. 18(2), pages 213-226.
- Suh, Sang-Chul, 1996. "Implementation with coalition formation: A complete characterization," Journal of Mathematical Economics, Elsevier, vol. 26(4), pages 409-428.
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