IDEAS home Printed from https://ideas.repec.org/a/ecm/emetrp/v59y1991i2p479-501.html
   My bibliography  Save this article

Nash Implementation Using Undominated Strategies

Author

Listed:
  • Palfrey, Thomas R
  • Srivastava, Sanjay

Abstract

The authors study the problem of implementing social choice correspondences via Nash equilibrium in which no one uses a weakly dominated strategy. The main result is that if there are at least three agents in society, then any correspondence that satisfies no veto power is implementable unless some agents are completely indifferent over all possible outcomes. Many common welfare criteria, such as the Pareto correspondence, and several familiar voting rules satisfy the authors' conditions. This possibility result stands in sharp contrast to the more restrictive findings with implementation in either Nash equilibrium or subgame perfect equilibrium Copyright 1991 by The Econometric Society.

Suggested Citation

  • Palfrey, Thomas R & Srivastava, Sanjay, 1991. "Nash Implementation Using Undominated Strategies," Econometrica, Econometric Society, vol. 59(2), pages 479-501, March.
  • Handle: RePEc:ecm:emetrp:v:59:y:1991:i:2:p:479-501
    as

    Download full text from publisher

    File URL: http://links.jstor.org/sici?sici=0012-9682%28199103%2959%3A2%3C479%3ANIUUS%3E2.0.CO%3B2-5&origin=repec
    File Function: full text
    Download Restriction: Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ecm:emetrp:v:59:y:1991:i:2:p:479-501. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing) or (Christopher F. Baum). General contact details of provider: http://edirc.repec.org/data/essssea.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.