EconPapers    
Economics at your fingertips  
 

Direct implementation with minimally honest individuals

Juan Ortner

Games and Economic Behavior, 2015, vol. 90, issue C, 1-16

Abstract: I consider a standard implementation problem under complete information when agents have a minimal degree of honesty. In particular, I assume that agents are white lie averse: they strictly prefer to tell the truth whenever lying has no effect on their material payoff. I show that if there are at least five agents who are all white lie averse and if I impose either of two refinements of Nash equilibrium, then a simple direct mechanism fully implements any social choice function.

Keywords: Implementation; Mechanism design; White lie aversion; Direct mechanisms (search for similar items in EconPapers)
JEL-codes: C72 C73 D71 D78 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (19)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0899825615000056
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Direct Implementation with Minimally Honest Individuals (2010) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:gamebe:v:90:y:2015:i:c:p:1-16

DOI: 10.1016/j.geb.2015.01.002

Access Statistics for this article

Games and Economic Behavior is currently edited by E. Kalai

More articles in Games and Economic Behavior from Elsevier
Bibliographic data for series maintained by Catherine Liu ().

 
Page updated 2025-03-19
Handle: RePEc:eee:gamebe:v:90:y:2015:i:c:p:1-16