Econometrica: Jan 1992, Volume 60, Issue 1

Implementation Via Nash Equilibria

https://doi.org/0012-9682(199201)60:1<43:IVNE>2.0.CO;2-Z
p. 43-56

Vladimir Danilov

This paper is concerned with a problem of implementation of a given social choice correspondence (SCC). We introduce an essential monotonicity condition and show that any implementable SCC satisfies this condition. Conversely, in a case of three or more participants any essentially monotone SCC is implementable. In a case of two participants the essential monotonicity condition must be completed by a requirement that the SCC is close to an individually rational correspondence.

Log In To View Full Content

Back