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Implementation and renegotiation

Author

Listed:
  • Maskin, Eric
  • Moore, John

Abstract

The paper characterises the choice rules that can be implemented when agents are unable to commit themselves not to renegotiate the mechanism.

Suggested Citation

  • Maskin, Eric & Moore, John, 1998. "Implementation and renegotiation," LSE Research Online Documents on Economics 19350, London School of Economics and Political Science, LSE Library.
  • Handle: RePEc:ehl:lserod:19350
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    File URL: http://eprints.lse.ac.uk/19350/
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    References listed on IDEAS

    as
    1. Wolfgang Leininger, 1986. "The Existence of Perfect Equilibria in a Model of Growth with Altruism between Generations," Review of Economic Studies, Oxford University Press, vol. 53(3), pages 349-367.
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    3. Per Krusell & José-Víctor Ríos-Rull, 1996. "Vested Interests in a Positive Theory of Stagnation and Growth," Review of Economic Studies, Oxford University Press, vol. 63(2), pages 301-329.
    4. John Moore, 1988. "Contracting Between Two Parties with Private Information," Review of Economic Studies, Oxford University Press, vol. 55(1), pages 49-69.
    5. Ng, Yew-Kwang, 1973. "The Economic Theory of Clubs: Pareto Optimality Conditions," Economica, London School of Economics and Political Science, vol. 40(159), pages 291-298, August.
    6. Daron Acemoglu & Georgy Egorov & Konstantin Sonin, 2012. "Dynamics and Stability of Constitutions, Coalitions, and Clubs," American Economic Review, American Economic Association, vol. 102(4), pages 1446-1476, June.
    7. Layard, R., 1990. "Lay-offs by seniority and equilibrium employment," Economics Letters, Elsevier, vol. 32(3), pages 295-298, March.
    8. E. S. Phelps & R. A. Pollak, 1968. "On Second-Best National Saving and Game-Equilibrium Growth," Review of Economic Studies, Oxford University Press, vol. 35(2), pages 185-199.
    9. Howard R. Bowen, 1943. "The Interpretation of Voting in the Allocation of Economic Resources," The Quarterly Journal of Economics, Oxford University Press, vol. 58(1), pages 27-48.
    10. Charles M. Tiebout, 1956. "A Pure Theory of Local Expenditures," Journal of Political Economy, University of Chicago Press, vol. 64, pages 416-416.
    11. Drew Fudenberg & Jean Tirole, 1991. "Game Theory," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262061414, January.
    12. Gordon Tullock, 1967. "The General Irrelevance of the General Impossibility Theorem," The Quarterly Journal of Economics, Oxford University Press, vol. 81(2), pages 256-270.
    13. Caplin, Andrew S & Nalebuff, Barry J, 1988. "On 64%-Majority Rule," Econometrica, Econometric Society, vol. 56(4), pages 787-814, July.
    14. Kevin Roberts, 1989. "The Theory of Union Behaviour: Labour Hoarding and Endogenous Hysteresis," STICERD - Theoretical Economics Paper Series 209, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
    15. Grandmont, Jean-Michel, 1978. "Intermediate Preferences and the Majority Rule," Econometrica, Econometric Society, vol. 46(2), pages 317-330, March.
    16. Roberts, Kevin W. S., 1977. "Voting over income tax schedules," Journal of Public Economics, Elsevier, vol. 8(3), pages 329-340, December.
    17. Klevorick, Alvin K. & Kramer, Gerald H., 1973. "Social choice on pollution management: the genossenschaften," Journal of Public Economics, Elsevier, vol. 2(2), pages 101-146, April.
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    More about this item

    Keywords

    social choice rule; implementation; renegotiation;

    JEL classification:

    • D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation

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