Rationalizable Implementation in Finite Mechanisms
Yi-Chun Chen (ecsycc@nus.edu.sg),
Takashi Kunimoto,
Yifei Sun (sunyifei@uibe.edu.cn) and
Siyang Xiong
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Yi-Chun Chen: National University of Singapore
Yifei Sun: University of International Business and Economics
No 5-2020, Economics and Statistics Working Papers from Singapore Management University, School of Economics
Abstract:
We prove that the Maskin monotonicity condition (by Bergemann, Morris, and Tercieux (2011)) fully characterizes exact rationalizable implementation in an environ-ment with lotteries and transfers. Different from previous papers, our approach possesses many appealing features simultaneously, e.g., infinite mechanisms with no integer game or modulo game are used; no transfer is imposed on any rationalizable profile;the message space is small; the implementation is robust to information perturbationsand continuous in the sense of Oury and Tercieux (2012).
Keywords: Complete information; continuous implementation; implementation; infor-mation perturbations; Maskin monotonicity; rationalizability; social choice function (search for similar items in EconPapers)
JEL-codes: C72 D78 D82 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2020-02-11
New Economics Papers: this item is included in nep-mic and nep-sea
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Citations: View citations in EconPapers (2)
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Journal Article: Rationalizable implementation in finite mechanisms (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:ris:smuesw:2020_005
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