Nash implementation and uncertain renegotiation
AbstractThis paper studies Nash implementation when the outcomes of the mechanism can be renegotiated among the agents but the planner does not know the renegotiation function that they will use. We characterize the social objectives that can be implemented in Nash equilibrium when the same mechanism must work for every admissible renegotiation function. The constrained Walrasian correspondence, the core correspondence, and the Pareto-efficient and envy-free correspondence satisfy the necessary and sufficient conditions for this form of implementation if and only if freedisposal of the commodities is allowed. The uniform rule, on the other hand, is not Nash implementable for some admissible renegotiations functions.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Elsevier in its journal Games and Economic Behavior.
Volume (Year): 49 (2004)
Issue (Month): 2 (November)
Contact details of provider:
Web page: http://www.elsevier.com/locate/inca/622836
Other versions of this item:
- Pablo Amorós, 2003. "Nash Implementation and Uncertain Renegotiation," Economic Working Papers at Centro de Estudios Andaluces E2003/27, Centro de Estudios Andaluces.
- C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
- D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation
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.:
- Eric Maskin, 1998.
"Nash Equilibrium and Welfare Optimality,"
Harvard Institute of Economic Research Working Papers
1829, Harvard - Institute of Economic Research.
- Jackson, Matthew O. & Palfrey, Thomas R., 1999.
1077, California Institute of Technology, Division of the Humanities and Social Sciences.
- Chakravorti, B. & Corchon, L.C., 1992.
76, Bell Communications - Economic Research Group.
- Arya, Anil & Glover, Jonathan & Hughes, John S., 1997.
"Implementing Coordinated Team Play,"
Journal of Economic Theory,
Elsevier, vol. 74(1), pages 218-232, May.
- Pablo AmorÕs & Bernardo Moreno, 2001. "original papers : Implementation of optimal contracts under adverse selection," Review of Economic Design, Springer, vol. 6(1), pages 41-61.
- Maskin, Eric & Moore, John, 1999.
"Implementation and Renegotiation,"
Review of Economic Studies,
Wiley Blackwell, vol. 66(1), pages 39-56, January.
- Eric Maskin & John Moore, 1999. "Implementation and Renegotiation," Harvard Institute of Economic Research Working Papers 1863, Harvard - Institute of Economic Research.
- Luis Corchón & Sandeep Baliga & Tomas Sjöström, 1995.
"The Theory Of Implementation When The Planner Is A Player,"
Working Papers. Serie AD
1995-14, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
- Baliga, Sandeep & Corchon, Luis C. & Sjostrom, Tomas, 1997. "The Theory of Implementation When the Planner Is a Player," Journal of Economic Theory, Elsevier, vol. 77(1), pages 15-33, November.
- Baliga, S. & Corchon, L.C. & Sjostrom, T., 1995. "The Theory of Implemetation when the Planner is a PLayer," Cambridge Working Papers in Economics 9512, Faculty of Economics, University of Cambridge.
- Matthew O. Jackson & Thomas R. Palfrey, 1997.
"Efficiency and Voluntary Implementation in Markets with Repeated Pairwise Bargaining,"
Game Theory and Information
- Matthew O. Jackson & Thomas R. Palfrey, 1998. "Efficiency and Voluntary Implementation in Markets with Repeated Pairwise Bargaining," Econometrica, Econometric Society, vol. 66(6), pages 1353-1388, November.
- Ma, Ching-to & Moore, John & Turnbull, Stephen, 1988. "Stopping agents from "cheating"," Journal of Economic Theory, Elsevier, vol. 46(2), pages 355-372, December.
- Leonid Hurwicz, 1994. "Economic design, adjustment processes, mechanisms, and institutions," Review of Economic Design, Springer, vol. 1(1), pages 1-14, December.
- Luis C. Corchon, 2007. "The theory of implementation : what did we learn?," Economics Working Papers we081207, Universidad Carlos III, Departamento de Economía.
- Zvika Neeman & Gregory Pavlov, 2010. "Renegotiation-proof Mechanism Design," UWO Department of Economics Working Papers 20101, University of Western Ontario, Department of Economics.
- Neeman, Zvika & Pavlov, Gregory, 2013. "Ex post renegotiation-proof mechanism design," Journal of Economic Theory, Elsevier, vol. 148(2), pages 473-501.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.