Behavioral Aspects of Implementation Theory
AbstractThis paper incorporates behavioral economics into implementation theory. We use mechanisms that are strictly detail-free. We assume that each agent dislikes telling a white lie when such lying does not serve her/his material interest. We present a permissive result wherein by using just a single detail-free mechanism, any alternative can be uniquely implemented in iterative dominance as long as the agents regard this alternative as being socially desirable.
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Bibliographic InfoPaper provided by CIRJE, Faculty of Economics, University of Tokyo in its series CIRJE F-Series with number CIRJE-F-523.
Length: 13 pages
Date of creation: Oct 2007
Date of revision:
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Other versions of this item:
- NEP-ALL-2007-11-03 (All new papers)
- NEP-CBE-2007-11-03 (Cognitive & Behavioural Economics)
- NEP-EVO-2007-11-03 (Evolutionary Economics)
- NEP-GTH-2007-11-03 (Game Theory)
- NEP-HPE-2007-11-03 (History & Philosophy of Economics)
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