The Theory of Implementation when the Planner is a Player
AbstractIn this paper we study a situation where the planer cannot commit to a mechanism and the outcome function is subsituted by the planneser herself. We assume(i) agents have complete information and play simultaneously and (ii) gieve the messages announced by the planner reacts in an optimal way given her beliefs. This transforms the implementation problem into a signaling game. We derive necesary and sufficient conditions for interactive implementation under different restrictions on the planner´s out-of equilibrium beliefs. We compare our results to standard results on Nash implementation.
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Bibliographic InfoPaper provided by Universidad Carlos III de Madrid in its series Open Access publications from Universidad Carlos III de Madrid with number info:hdl:10016/4187.
Length: 35 p.
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Web page: http://www.uc3m.es
Other versions of this item:
- 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.
- 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, 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.
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