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Implementation in Nash Equilibrium (I): General Results

In: The Theory of Implementation of Socially Optimal Decisions in Economics

Author

Listed:
  • Luis C. Corchón

    (Universidad de Alicante)

Abstract

In this chapter we will study the implementation of social choice correspondences by means of Nash equilibria. As you will remember from the previous chapter, the motivation for studying this type of implementation is to obtain positive results by relaxing the concept of equilibrium: instead of requiring the equilibrium strategy for each agent to be a good response to any possible strategy of the other players, the Nash equilibrium requires it to be a good reply for those who constitute a good reply of the other players (see Definition 3, Chapter 2).

Suggested Citation

  • Luis C. Corchón, 1996. "Implementation in Nash Equilibrium (I): General Results," Palgrave Macmillan Books, in: The Theory of Implementation of Socially Optimal Decisions in Economics, chapter 4, pages 65-87, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-37283-2_4
    DOI: 10.1057/9780230372832_4
    as

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