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Journal of Economic Behavior & Organization
Article . 2003 . Peer-reviewed
License: Elsevier TDM
Data sources: Crossref
SSRN Electronic Journal
Article . 1998 . Peer-reviewed
Data sources: Crossref
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An Experiment on Nash Implementation

Authors: Charness, Gary B; Cabrales, Antonio; Corchon, Luis C;

An Experiment on Nash Implementation

Abstract

We perform an experimental test of Maskin's canonical mechanism for Nash implementation, using 3 subjects in non-repeated groups, as well as 3 outcomes, states of nature, and integer choices. We find that this mechanism succesfully implements the desired outcome a large majority of the time and an imbedded comprehension test indicates that subjects were generally able to comprehend their decision tasks. The performance can also be improved by imposing a fine on non designated dissidents. We offer some explanations for the imperfect implementation, including risk preferences, the possibilities that agents have for collusion, and the mixed strategy equilibria of the game.

Countries
Spain, United States
Keywords

Implementation, Experiments, Mechanisms., mechanisms, Behavioral and Experimental Economics, Implementation, experiments, mechanisms, Leex, experiments, Economía, D70, C72, leex, Mechanisms., Implementation, C92, Mechanisms, D78, Experiments, implementation, jel: jel:C92, jel: jel:D70, jel: jel:C72, jel: jel:D78

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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!
views
OpenAIRE UsageCountsViews provided by UsageCounts
downloads
OpenAIRE UsageCountsDownloads provided by UsageCounts
13
Average
Top 10%
Average
19
27
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bronze