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Partially-honest Nash implementation: a full characterization

Michele Lombardi and Naoki Yoshihara ()

UMASS Amherst Economics Working Papers from University of Massachusetts Amherst, Department of Economics

Abstract: A partially-honest individual is a person who follows the maxim, "Do not lie if you do not have to" to serve your material interest. By assuming that the mechanism designer knows that there is at least one partially-honest individual in a society of more than 3 individuals, a social choice rule (SCR) that can be Nash implemented is termed partially-honestly Nash implementable. The paper offers a complete characterization of the n-person SCRs that are partially-honestly Nash implementable. It establishes a condition which is both necessary and sufficient for the partially-honest Nash implementation. If all individuals are partially-honest, then all SCRs that satisfy the property of unanimity are partially-honestly Nash implementable. The partially-honest Nash implementation of SCRs is examined in a variety of environments.

Keywords: Nash implementation; pure strategy Nash equilibrium; partial-honesty; Condition mu^* (search for similar items in EconPapers)
JEL-codes: C72 D71 (search for similar items in EconPapers)
Date: 2017
New Economics Papers: this item is included in nep-des, nep-gth, nep-hpe and nep-mic
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Working Paper: Partially Honest Nash Implementation:A Full Characterization (2013) Downloads
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