Implementation in Mixed Nash Equilibrium
Copyright policy )Implementation in Mixed Nash Equilibrium
This paper works on a concept derived from Maskin's definition of implementation. The new approach is developed by allowing for mixed equilibria as outcomes. A necessary condition for social choice correspondences implementation in the new sense, named set-monotonicity, is established. Set-monotonicity and no veto-power are, on the other way, sufficient to guarantee implementation in mixed Nash equilibrium, in environments with at least three players.
- University of Warwick United Kingdom
- University of Melbourne Australia
- University of Essex United Kingdom
- University of Queensland Australia
- University of Queensland Australia
HB Economic Theory, Economics and Econometrics, 330, weak set-monotonicity, HB, 2002 Economics and Econometrics, Social choice, Maskin monotonicity, Noncooperative games, pure and mixed Nash equilibrium, Implementation, social choice correspondence, implementation; Maskin monotonicity; pure and mixed Nash equilibrium; weak set-monotonicity; social choice correspondence, Department of Economics, implementation, set-monotonicity, jel: jel:C72, jel: jel:D71
HB Economic Theory, Economics and Econometrics, 330, weak set-monotonicity, HB, 2002 Economics and Econometrics, Social choice, Maskin monotonicity, Noncooperative games, pure and mixed Nash equilibrium, Implementation, social choice correspondence, implementation; Maskin monotonicity; pure and mixed Nash equilibrium; weak set-monotonicity; social choice correspondence, Department of Economics, implementation, set-monotonicity, jel: jel:C72, jel: jel:D71
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