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An Implementation Approach to Rotation Programs

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  • Ville Korpela
  • Michele Lombardi
  • Riccardo D. Saulle

Abstract

We study rotation programs within the standard implementation frame-work under complete information. A rotation program is a myopic stableset whose states are arranged circularly, and agents can effectively moveonly between two consecutive states. We provide characterizing conditionsfor the implementation of efficient rules in rotation programs. Moreover,we show that the conditions fully characterize the class of implementablemulti-valued and efficient rules

Suggested Citation

  • Ville Korpela & Michele Lombardi & Riccardo D. Saulle, 2021. "An Implementation Approach to Rotation Programs," Papers 2105.14560, arXiv.org.
  • Handle: RePEc:arx:papers:2105.14560
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    File URL: http://arxiv.org/pdf/2105.14560
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    JEL classification:

    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design

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