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Behavioral Aspects of Implementation Theory

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Author Info
Hitoshi Matsushima (Faculty of Economics, University of Tokyo)

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Abstract

This 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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File URL: http://www.e.u-tokyo.ac.jp/cirje/research/dp/2007/2007cf523.pdf
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Publisher Info
Paper provided by CIRJE, Faculty of Economics, University of Tokyo in its series CIRJE F-Series with number CIRJE-F-523.

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Length: 13 pages
Date of creation: Oct 2007
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Handle: RePEc:tky:fseres:2007cf523

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