Unique implementation of action profiles: necessary and sufficient conditions

Sandro Brusco

DEE - Working Papers. Business Economics. WB from Universidad Carlos III de Madrid. Departamento de Economía de la Empresa

Abstract: We study the general problem of a principal who desires to implement a given vector of actions and pay the agents according to a given compensation scheme. Previous work has provided mechanisms for implementation in various special cases. In this paper we fully characterize the set of action proflles and compensation schemes implementable in sub game perfect equilibrium, providing necessary and sufficient conditions for implementation.

Date: 1997-11
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Journal Article: Unique Implementation of Action Profiles: Necessary and Sufficient Conditions (2002)
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Persistent link: https://EconPapers.repec.org/RePEc:cte:wbrepe:7024

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