
doi: 10.2307/1911364
Let f be a choice function on a set of feasible alternatives A, with state space \(\Theta\) and a finite number of players. f is implementable in subgame perfect equilibria if there exists an extensive form game whose unique subgame perfect equilibrium is f(\(\theta)\) for every \(\theta\in \Theta\). This paper studies nonmonotonic f (hence, not implementable by Nash equilibria) which are implementable in subgame perfect equilibria. These include the choice function for transferable utility economies with a single public good. In this case, the implementing mechanism is actually balanced. The key idea of the proof is to put the agents in a ``shrinking cake'' environment if they misreveal \(\theta\).
Other game-theoretic models, public good, extensive form game, subgame perfect equilibria, transferable utility economies, Social choice, implementation
Other game-theoretic models, public good, extensive form game, subgame perfect equilibria, transferable utility economies, Social choice, implementation
| 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). | 286 | |
| 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. | Top 1% | |
| influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically). | Top 1% | |
| impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network. | Top 10% |
