Implementation via mechanisms with transfers
We consider the following problem: suppose that the social choice rule is given, but the planner has the opportunity to redistribute among agents some numeraire commodity ("money") by compensatory transfers; can the planner find a transfer such that the social choice rule is Nash implementable by the transfer? In this paper, we establish a necessary and sufficient condition for Nash implementation by transfers. Furthermore, we construct a simplified mechanism, which Nash-implements the desired social choice rule by transfers.
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.
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Pablo Amorós, 2003.
"Nash Implementation and Uncertain Renegotiation,"
Economic Working Papers at Centro de Estudios Andaluces
E2003/27, Centro de Estudios Andaluces.
- Jackson, Matthew O. & Palfrey, Thomas R., 2001.
Journal of Economic Theory,
Elsevier, vol. 98(1), pages 1-25, May.
- Muller, Eitan & Satterthwaite, Mark A., 1977. "The equivalence of strong positive association and strategy-proofness," Journal of Economic Theory, Elsevier, vol. 14(2), pages 412-418, April.
- Palfrey, Thomas R & Srivastava, Sanjay, 1991. "Nash Implementation Using Undominated Strategies," Econometrica, Econometric Society, vol. 59(2), pages 479-501, March.
- William Vickrey, 1961. "Counterspeculation, Auctions, And Competitive Sealed Tenders," Journal of Finance, American Finance Association, vol. 16(1), pages 8-37, 03.
- Eric Maskin, 1999. "Nash Equilibrium and Welfare Optimality," Review of Economic Studies, Oxford University Press, vol. 66(1), pages 23-38.
- Jackson, Matthew O., 1999.
"A Crash Course in Implementation Theory,"
1076, California Institute of Technology, Division of the Humanities and Social Sciences.
- Eric Maskin & John Moore, 1999.
"Implementation and Renegotiation,"
Harvard Institute of Economic Research Working Papers
1863, Harvard - Institute of Economic Research.
- M. Sanver, 2006. "Nash implementing non-monotonic social choice rules by awards," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 28(2), pages 453-460, 06.
- İpek Özkal-Sanver & M. Sanver, 2006. "Nash implementation via hyperfunctions," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 26(3), pages 607-623, June.
- Abreu, Dilip & Sen, Arunava, 1991. "Virtual Implementation in Nash Equilibrium," Econometrica, Econometric Society, vol. 59(4), pages 997-1021, July.
- BOCHET, Olivier, 2005.
"Nash implementation with lottery mechanisms,"
CORE Discussion Papers
2005072, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Benoît, Jean-Pierre & Ok, Efe A., 2008. "Nash implementation without no-veto power," Games and Economic Behavior, Elsevier, vol. 64(1), pages 51-67, September.
- Sushil Bikhchandani & Shurojit Chatterji & Ron Lavi & Ahuva Mu'alem & Noam Nisan & Arunava Sen, 2006. "Weak Monotonicity Characterizes Deterministic Dominant-Strategy Implementation," Econometrica, Econometric Society, vol. 74(4), pages 1109-1132, 07.
- Groves, Theodore, 1973. "Incentives in Teams," Econometrica, Econometric Society, vol. 41(4), pages 617-31, July.
- Matthew 0. Jackson, 1989.
"Implementation in Undominated Strategies - A Look at Bounded Mechanisms,"
833, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Matthew O. Jackson, 1992. "Implementation in Undominated Strategies: A Look at Bounded Mechanisms," Review of Economic Studies, Oxford University Press, vol. 59(4), pages 757-775.
- Gibbard, Allan, 1973. "Manipulation of Voting Schemes: A General Result," Econometrica, Econometric Society, vol. 41(4), pages 587-601, July.
- Moore, John & Repullo, Rafael, 1990. "Nash Implementation: A Full Characterization," Econometrica, Econometric Society, vol. 58(5), pages 1083-99, September.
- Barlo, Mehmet & Dalkiran, Nuh Aygun, 2009. "Epsilon-Nash implementation," Economics Letters, Elsevier, vol. 102(1), pages 36-38, January.
When requesting a correction, please mention this item's handle: RePEc:eee:matsoc:v:61:y:2011:i:1:p:65-70. 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: (Shamier, Wendy)
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.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 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.