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image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao zbMATH Openarrow_drop_down
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zbMATH Open
Article . 1988
Data sources: zbMATH Open
Econometrica
Article . 1988 . Peer-reviewed
Data sources: Crossref
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Subgame Perfect Implementation

Subgame perfect implementation
Authors: Moore, John; Repullo, Rafael;

Subgame Perfect Implementation

Abstract

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 \(\theta\).

Keywords

Other game-theoretic models, public good, extensive form game, subgame perfect equilibria, transferable utility economies, Social choice, implementation

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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!
286
Top 1%
Top 1%
Top 10%
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