Quantum and algorithmic Bayesian mechanisms
Bayesian implementation concerns decision making problems when agents have incomplete information. This paper proposes that the traditional sufficient conditions for Bayesian implementation shall be amended by virtue of a quantum Bayesian mechanism. Furthermore, by using an algorithmic Bayesian mechanism, this amendment holds in the macro world too.
|Date of creation:||05 Apr 2011|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
More information through EDIRC
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.:
- Thomas R. Palfrey & Sanjay Srivastava, 1987.
"On Bayesian Implementable Allocations,"
Review of Economic Studies,
Oxford University Press, vol. 54(2), pages 193-208.
- Wu, Haoyang, 2011. "On amending the sufficient conditions for Nash implementation," MPRA Paper 30067, University Library of Munich, Germany.
- Roberto Serrano, 2003.
"The Theory of Implementation of Social Choice Rules,"
2003-19, Brown University, Department of Economics.
- Roberto Serrano, 2003. "The Theory of Implementation of Social Choice Rules," Economics Working Papers 0033, Institute for Advanced Study, School of Social Science.
- Jackson, Matthew O, 1991. "Bayesian Implementation," Econometrica, Econometric Society, vol. 59(2), pages 461-477, March.
- Palfrey, Thomas R & Srivastava, Sanjay, 1989.
"Mechanism Design with Incomplete Information: A Solution to the Implementation Problem,"
Journal of Political Economy,
University of Chicago Press, vol. 97(3), pages 668-691, June.
- Palfrey, Thomas R. & Srivastava, Sanjay., 1987. "Mechanism Design with Incomplete Information: A Solution to the Implementation Problem," Working Papers 658, California Institute of Technology, Division of the Humanities and Social Sciences.
- Eric Maskin, 1999. "Nash Equilibrium and Welfare Optimality," Review of Economic Studies, Oxford University Press, vol. 66(1), pages 23-38.
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:30072. 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: (Joachim Winter)
If references are entirely missing, you can add them using this form.