Full implementation in backward induction
Yi-Chun Chen and
Yifei Sun
Journal of Mathematical Economics, 2015, vol. 59, issue C, 71-76
Abstract:
In a complete-information environment with two or more players and a finite type space, we show that any truthfully implementable social choice function can be fully implemented in backward induction via a finite perfect-information stochastic mechanism with arbitrarily small transfers.
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:eee:mateco:v:59:y:2015:i:c:p:71-76
DOI: 10.1016/j.jmateco.2015.05.001
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