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Games and Economic Behavior
Article . 1994 . Peer-reviewed
License: Elsevier TDM
Data sources: Crossref
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zbMATH Open
Article . 1994
Data sources: zbMATH Open
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Undominated Nash Implementation in Bounded Mechanisms

Undominated Nash implementation in bounded mechanisms
Authors: Palfrey, Thomas R.; Jackson, Matthew O.; Srivastava, Sanjay;

Undominated Nash Implementation in Bounded Mechanisms

Abstract

An undominated Nash equilibrium is a Nash equilibrium in which no agent selects a weakly dominated strategy. A mechanism is bounded if every dominated strategy is dominated by an undominated strategy. The authors give necessary and sufficient conditions for an implementation in undominated Nash equilibrium when mechanisms are bounded, i.e., characterize the social choice correspondences which are implementable in such an equilibrium under such a mechanism. Many social correspondences of interest are shown to be implemented by bounded mechanisms. For bounded mechanisms admitting any mixed strategy equilibrium for any von Neumann-Morgenstern utility functions, the authors investigate implementation in economic settings.

Country
United States
Related Organizations
Keywords

Noncooperative games, 330, undominated strategy, \(n\)-person games, \(n>2\), social choice correspondences, Social choice, undominated Nash equilibrium

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    influence
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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
76
Top 10%
Top 10%
Top 10%
Green
bronze