Virtual Implementation in Nash Equilibrium
Consider a social choice correspondence as a mapping from preference profiles to lotteries over some finite set of alternatives. A virtually implementable social choice function in Nash equilibrium is defined, under mild domain restrictions it is shown that in societies with at least three individuals all social choice correspondences are virtually implementable in Nash equilibrium. This contrasts with Maskin's classic characterization, which requires monotonicity as a necessary condition for exact implementation in Nash equilibrium. The two person case is considered seperately. While not all two-person social choice functions are virtually implementable, our necessary and sufficient condition is simple, which contrasts with the complex necessary and sufficient conditions for exact implementation. Copyright 1991 by The Econometric Society.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 59 (1991)
Issue (Month): 4 (July)
|Contact details of provider:|| Phone: 1 212 998 3820|
Fax: 1 212 995 4487
Web page: http://www.econometricsociety.org/
More information through EDIRC
|Order Information:|| Web: https://www.econometricsociety.org/publications/econometrica/access/ordering-back-issues Email: |
When requesting a correction, please mention this item's handle: RePEc:ecm:emetrp:v:59:y:1991:i:4:p:997-1021. 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)
If references are entirely missing, you can add them using this form.