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Dominant strategy implementation in economic environments

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  • Mizukami, Hideki
  • Wakayama, Takuma

Abstract

We study dominant strategy implementation especially in economic environments. We first show that in general environments, strategy-proofness and quasi-strong-non-bossiness together are necessary and sufficient for dominant strategy implementation via the associated direct revelationmechanism. We next prove that in weak separable environments, strategy-proofness is sufficient for dominant strategy implementation, by using an augmented revelation mechanism similar to the one devised by Jackson et al. (1994). Moreover, we focus on pure exchange economies without free disposal, and try to construct another augmented revelation mechanism that satisfies balancedness in and out of equilibrium, and which implements all strategy-proof social choice functions in dominant strategy equilibria.

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Bibliographic Info

Article provided by Elsevier in its journal Games and Economic Behavior.

Volume (Year): 60 (2007)
Issue (Month): 2 (August)
Pages: 307-325

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Handle: RePEc:eee:gamebe:v:60:y:2007:i:2:p:307-325

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Web page: http://www.elsevier.com/locate/inca/622836

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References

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  1. Salvador Barbera & Matthew O. Jackson, 1993. "Strategy-Proof Exchange," Discussion Papers 1021, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  2. Palfrey, Thomas R & Srivastava, Sanjay, 1989. "Implementation with Incomplete Information in Exchange Economies," Econometrica, Econometric Society, vol. 57(1), pages 115-34, January.
  3. 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.
  4. Postlewaite, Andrew & Schmeidler, David, 1986. "Implementation in differential information economies," Journal of Economic Theory, Elsevier, vol. 39(1), pages 14-33, June.
  5. Tatsuyoshi Saijo & Tomas Sjöström & Takehiko Yamato, 2004. "Secure Implementation," Levine's Bibliography 122247000000000615, UCLA Department of Economics.
  6. Matthew, Jackson O. & Palfrey, Thomas R. & Srivastava, Sanjay., 1990. "Undominated Nash Implementation in Bounded Mechanism," Working Papers 754, California Institute of Technology, Division of the Humanities and Social Sciences.
  7. Dirk Bergemann & Stephen Morris, 2005. "Robust Implementation: The Role of Large Type Spaces," Cowles Foundation Discussion Papers 1519, Cowles Foundation for Research in Economics, Yale University.
  8. Matthew O. Jackson, 2001. "A crash course in implementation theory," Social Choice and Welfare, Springer, vol. 18(4), pages 655-708.
  9. Sjostrom, T., 1991. "Implementation in Undominated Nash Equilibria without Integer Games," Papers 491, Stockholm - International Economic Studies.
  10. Matthew 0. Jackson, 1989. "Implementation in Undominated Strategies - A Look at Bounded Mechanisms," Discussion Papers 833, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  11. Mookherjee, Dilip & Reichelstein, Stefan, 1990. "Implementation via Augmented Revelation Mechanisms," Review of Economic Studies, Wiley Blackwell, vol. 57(3), pages 453-75, July.
  12. Laffont, Jean-Jacques & Maskin, Eric, 1982. "Nash and dominant strategy implementation in economic environments," Journal of Mathematical Economics, Elsevier, vol. 10(1), pages 17-47, June.
  13. Ritz, Zvi, 1983. "Restricted domains, arrow-social welfare functions and noncorruptible and non-manipulable social choice correspondences: The case of private alternatives," Mathematical Social Sciences, Elsevier, vol. 4(2), pages 155-179, April.
  14. Dasgupta, Partha S & Hammond, Peter J & Maskin, Eric S, 1979. "The Implementation of Social Choice Rules: Some General Results on Incentive Compatibility," Review of Economic Studies, Wiley Blackwell, vol. 46(2), pages 185-216, April.
  15. Lin Zhou, 1990. "Inefficiency of Strategy-Proof Allocation Mechanisms in Pure Exchange Economies," Cowles Foundation Discussion Papers 954, Cowles Foundation for Research in Economics, Yale University.
  16. Mas-Colell, Andreu & Whinston, Michael D. & Green, Jerry R., 1995. "Microeconomic Theory," OUP Catalogue, Oxford University Press, number 9780195102680.
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Citations

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Cited by:
  1. Dolors Berga & Bernardo Moreno, 2007. "Strategic Requirements with Indifference: Single-Peaked versus Single-Plateaued Preferences," Working Papers 325, Barcelona Graduate School of Economics.
  2. Kumano, Taro & Watabe, Masahiro, 2012. "Dominant strategy implementation of stable rules," Games and Economic Behavior, Elsevier, vol. 75(1), pages 428-434.
  3. Yuji Fujinaka & Takuma Wakayama, 2008. "Secure Implementation in Shapley-Scarf Housing Markets," ISER Discussion Paper 0727, Institute of Social and Economic Research, Osaka University, revised Feb 2009.
  4. Kumano, Taro & Watabe, Masahiro, 2011. "Untruthful dominant strategies for the deferred acceptance algorithm," Economics Letters, Elsevier, vol. 112(2), pages 135-137, August.
  5. Katsuhiko Nishizaki, 2013. "No-envy and dominant strategy implementability in non-excludable public good economies with quasi-linear preferences," Economics Bulletin, AccessEcon, vol. 33(1), pages 557-563.
  6. Salvador Barberà, 2010. "Strategy-proof social choice," Working Papers 420, Barcelona Graduate School of Economics.

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