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Simple mechanisms and preferences for honesty

  • Kartik, Navin
  • Tercieux, Olivier
  • Holden, Richard

We consider full implementation in complete-information environments when agents have an arbitrarily small preference for honesty. We offer a condition called separable punishment and show that when it holds and there are at least two agents, any social choice function can be implemented by a simple mechanism in two rounds of iterated deletion of strictly dominated strategies.

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File URL: http://www.sciencedirect.com/science/article/pii/S0899825613001644
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Article provided by Elsevier in its journal Games and Economic Behavior.

Volume (Year): 83 (2014)
Issue (Month): C ()
Pages: 284-290

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Handle: RePEc:eee:gamebe:v:83:y:2014:i:c:p:284-290
DOI: 10.1016/j.geb.2013.11.011
Contact details of provider: Web page: http://www.elsevier.com/locate/inca/622836

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  14. Postlewaite, Andrew & Schmeidler, David, 1986. "Implementation in differential information economies," Journal of Economic Theory, Elsevier, vol. 39(1), pages 14-33, June.
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  17. Abreu Dilip & Matsushima Hitoshi, 1994. "Exact Implementation," Journal of Economic Theory, Elsevier, vol. 64(1), pages 1-19, October.
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  23. Lombardi, Michele & Yoshihara, Naoki, 2013. "Natural Implementation with Partially Honest Agents in Economic Environments," Discussion Paper Series 592, Institute of Economic Research, Hitotsubashi University.
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  25. Hitoshi Matsushima, 2007. "Behavioral Aspects of Implementation Theory," CIRJE F-Series CIRJE-F-523, CIRJE, Faculty of Economics, University of Tokyo.
  26. Matsushima, Hitoshi, 2008. "Detail-free mechanism design in twice iterative dominance: Large economies," Journal of Economic Theory, Elsevier, vol. 141(1), pages 134-151, July.
  27. Hitoshi Matsushima, 2006. "Role of Honesty in Full Implementation," CIRJE F-Series CIRJE-F-405, CIRJE, Faculty of Economics, University of Tokyo.
  28. Abreu, Dilip & Sen, Arunava, 1990. "Subgame perfect implementation: A necessary and almost sufficient condition," Journal of Economic Theory, Elsevier, vol. 50(2), pages 285-299, April.
  29. Samuelson, Larry, 1992. "Dominated strategies and common knowledge," Games and Economic Behavior, Elsevier, vol. 4(2), pages 284-313, April.
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  32. Cabrales, Antonio & Serrano, Roberto, 2011. "Implementation in adaptive better-response dynamics: Towards a general theory of bounded rationality in mechanisms," Games and Economic Behavior, Elsevier, vol. 73(2), pages 360-374.
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