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Robust implementation under alternative information structures

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  • Luis Corchon
  • Ignacio Ortuño-Ortin

Abstract

In this paper we consider a model in which agents have complete information about their neighbours and, possibly, incomplete information about the rest of the economy. We consider two different informational frameworks. In the first, agents do not have priors about what is going on in the rest of the economy. In the second, agents are supposed to havepriors about the unknown characteristics. We present a mechanism which implements any social choice correspondence satisfying monotonicity and no veto power in both informational settings for every possible prior thus requiring little knowledge from the point of view of the designer of the information possesed by agents about the economy.
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(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Luis Corchon & Ignacio Ortuño-Ortin, 1994. "Robust implementation under alternative information structures," Review of Economic Design, Springer;Society for Economic Design, vol. 1(1), pages 159-171, December.
    • Handle: RePEc:spr:reecde:v:1:y:1994:i:1:p:159-171
    DOI: 10.1007/BF02716619
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    References listed on IDEAS

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    Cited by:

    1. Matthew O. Jackson, 2001. "A crash course in implementation theory," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 18(4), pages 655-708.
    2. Carmen Beviá & Luis Corchón, 2022. "Contests with dominant strategies," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 74(4), pages 1-19, November.

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    More about this item

    Keywords

    Nash Implementation; Incomplete information; Local information; CF2; DF1; D82;
    All these keywords.

    JEL classification:

    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design

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