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Unique Implementation of Action Profiles: Necessary and Sufficient Conditions

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  • Sandro Brusco

    (Universidad Carlos III de Madrid, Spain)

Abstract

I study the general problem of a principal who desires to implement a given vector of actions and pay the agents according to a given compensation scheme. Previous work has provided mechanisms for implementation in various special cases. In this article, I fully characterize the set of action profiles and compensation schemes implementable in subgame-perfect equilibrium, providing necessary and sufficient conditions for implementation. Copyright Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association

Suggested Citation

  • Sandro Brusco, 2002. "Unique Implementation of Action Profiles: Necessary and Sufficient Conditions," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 43(2), pages 509-532, May.
    • Handle: RePEc:ier:iecrev:v:43:y:2002:i:2:p:509-532
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    Cited by:

    1. Bull, Jesse & Watson, Joel, 2007. "Hard evidence and mechanism design," Games and Economic Behavior, Elsevier, vol. 58(1), pages 75-93, January.
    2. Pierre Fleckinger & David Martimort & Nicolas Roux, 2024. "Should They Compete or Should They Cooperate? The View of Agency Theory," Journal of Economic Literature, American Economic Association, vol. 62(4), pages 1589-1646, December.

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