Perfect Bayesian implementation when the planner is a player

Changchen Liu and Yunfeng Luo

Journal of Mathematical Economics, 2010, vol. 46, issue 4, 400-404

Abstract: The paper contributes to the perfect Bayesian implementation problem when the planner selects an outcome after agents send a signal profile. In our problem, the planner always selects the outcomes that maximize her expected utility, given her posterior belief about the state. The paper explicitly models the problem and shows a full characterization of SCF set that can be perfect Bayesian implemented in FGP equilibrium.

Keywords: Social; choice; function; Perfect; Bayesian; implementation; FGP; equilibrium; Bayesian; reliable; objection (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:mateco:v:46:y:2010:i:4:p:400-404

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