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Equilibrium Rejection of a Mechanism

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Author Info
Celik, Gorkem
Peters, Michael

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Abstract

We study a design setup, where players can take part in a mechanism to coordinate their actions in a default game. By refusing to participate in the mechanism, a player can revert to playing the default game non-cooperatively. We illustrate with an example that there are allocation rules that can only be supported by equilibria in which some types of some players are not participating in the mechanism.

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File URL: http://montoya.econ.ubc.ca/mike/equilibrium_rejection/equilibrium_rejection.pdf
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Paper provided by Microeconomics.ca Website in its series Micro Theory Working Papers with number gorkem_celik-2008-10.

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Date of creation: 06 Aug 2008
Date of revision: 06 Aug 2008
Handle: RePEc:ubc:pmicro:gorkem_celik-2008-10

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For technical questions regarding this item, or to correct its listing, contact: (Michael Peters).

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Keywords: Mechanism design; Default game; Cartel agreements;

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  7. Lagunoff Roger D., 1995. "Resilient Allocation Rules for Bilateral Trade," Journal of Economic Theory, Elsevier, vol. 66(2), pages 463-487, August. [Downloadable!] (restricted)
  8. Yeon-Koo Che & Jinwoo Kim, 2006. "Robustly Collusion-Proof Implementation," Econometrica, Econometric Society, vol. 74(4), pages 1063-1107, 07. [Downloadable!] (restricted)
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  9. F. Forges., 1998. "Ex post individually rational trading mechanisms," THEMA Working Papers 98-10, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
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  10. Jean-Jacques Laffont & David Martimort, 1997. "Collusion under Asymmetric Information," Econometrica, Econometric Society, vol. 65(4), pages 875-912, July.
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  11. Jehiel, Philippe & Moldovanu, Benny & Stacchetti, Ennio, 1999. "Multidimensional Mechanism Design for Auctions with Externalities," Journal of Economic Theory, Elsevier, vol. 85(2), pages 258-293, April. [Downloadable!] (restricted)
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  12. Tan, Guofu & Yilankaya, Okan, 2007. "Ratifiability of efficient collusive mechanisms in second-price auctions with participation costs," Games and Economic Behavior, Elsevier, vol. 59(2), pages 383-396, May. [Downloadable!] (restricted)
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  13. Cramton, Peter C & Palfrey, Thomas R, 1990. "Cartel Enforcement with Uncertainty about Costs," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 31(1), pages 17-47, February. [Downloadable!] (restricted)
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  14. Cramton Peter C. & Palfrey Thomas R., 1995. "Ratifiable Mechanisms: Learning from Disagreement," Games and Economic Behavior, Elsevier, vol. 10(2), pages 255-283, August. [Downloadable!] (restricted)
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