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Implementation via mechanisms with transfers

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  • Yi, Jianxin

Abstract

We consider the following problem: suppose that the social choice rule is given, but the planner has the opportunity to redistribute among agents some numeraire commodity ("money") by compensatory transfers; can the planner find a transfer such that the social choice rule is Nash implementable by the transfer? In this paper, we establish a necessary and sufficient condition for Nash implementation by transfers. Furthermore, we construct a simplified mechanism, which Nash-implements the desired social choice rule by transfers.

Suggested Citation

  • Yi, Jianxin, 2011. "Implementation via mechanisms with transfers," Mathematical Social Sciences, Elsevier, vol. 61(1), pages 65-70, January.
    • Handle: RePEc:eee:matsoc:v:61:y:2011:i:1:p:65-70
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    References listed on IDEAS

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    Cited by:

    1. Yi, Jianxin, 2012. "Double implementation in Nash and M-Nash equilibria," Economics Letters, Elsevier, vol. 116(1), pages 105-107.
    2. Jianxin Yi, 2021. "Nash implementation via mechanisms that allow for abstentions," Theory and Decision, Springer, vol. 91(2), pages 279-288, September.

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