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Two-agent Nash implementation: A new result

Haoyang Wu ()

MPRA Paper from University Library of Munich, Germany

Abstract: [Moore and Repullo, \emph{Econometrica} \textbf{58} (1990) 1083-1099] and [Dutta and Sen, \emph{Rev. Econom. Stud.} \textbf{58} (1991) 121-128] are two fundamental papers on two-agent Nash implementation. Both of them are based on Maskin's classic paper [Maskin, \emph{Rev. Econom. Stud.} \textbf{66} (1999) 23-38]. A recent work [Wu, http://arxiv.org/abs/1002.4294, \emph{Inter. J. Quantum Information}, 2010 (accepted)] shows that when an additional condition is satisfied, the Maskin's theorem will no longer hold by using a quantum mechanism. Furthermore, this result holds in the macro world by using an algorithmic mechanism. In this paper, we will investigate two-agent Nash implementation by virtue of the algorithmic mechanism. The main result is: The sufficient and necessary conditions for Nash implementation with two agents shall be amended, not only in the quantum world, but also in the macro world.

Keywords: Quantum game theory; Mechanism design; Nash implementation. (search for similar items in EconPapers)
JEL-codes: D71 (search for similar items in EconPapers)
Date: 2011-04-05
New Economics Papers: this item is included in nep-cdm, nep-gth and nep-hpe
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