Implementation in Undominated Strategies - A Look at Bounded Mechanisms
This paper examines natural restrictions mechanisms. If all mechanisms are considered and preferences satisfy a basic condition, then any social choice correspondence can be implemented in undominated strategies. This result derives from the use of mechanisms with questionable features. In part of the message space the agent who announces the highest integer is rewarded. If such mechanisms are ruled out, then the social choice correspondences which can be implemented.in undominated strategies satisfy an incentive compatibility type condition. For social choice functions this is equivalent to strategy-proofness. This issue should be examined for other solution concepts. The last portion of the paper begins to explore the issue as it relates to Nash implementation and undominated Nash implementation. Copyright 1992 by The Review of Economic Studies Limited.
(This abstract was borrowed from another version of this item.)
|Date of creation:||May 1989|
|Date of revision:|
|Contact details of provider:|| Postal: |
Web page: http://www.kellogg.northwestern.edu/research/math/Email:
More information through EDIRC
|Order Information:|| Email: |
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.:
- Palfrey, Thomas R. & Srivastava, Sanjay, 1986. "Private information in large economies," Journal of Economic Theory, Elsevier, vol. 39(1), pages 34-58, June.
When requesting a correction, please mention this item's handle: RePEc:nwu:cmsems:833. 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: (Fran Walker)
If references are entirely missing, you can add them using this form.