Behavioral Implementation

Geoffroy de Clippel

No 2012-6, Working Papers from Brown University, Department of Economics

Abstract: Implementation theory assumes that participantsí choices are rational,in the sense of being derived from the maximization of a contextindependent preference. The paper investigates implementation under complete information when the mechanism designer is aware that individuals suffer from cognitive biases that lead to violations of IIA, or cannot exclude the possibility of such ìirrationalî behavior.

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Date: 2012
New Economics Papers: this item is included in nep-cbe, nep-cdm, nep-evo, nep-mic, nep-neu and nep-upt
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