Implementation with transfers

• Main Authors: CHEN, Yi-Chun, KUNIMOTO, Takashi, SUN, Yifei
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2016
• Subjects: Continuous implementation; full implementation; incentive compatibility; robustness; transfers; Economic Theory
• Online Access: https://ink.library.smu.edu.sg/soe_research/2060; https://ink.library.smu.edu.sg/context/soe_research/article/3059/viewcontent/ISER_Seminar_20160705.pdf
• Institution: Singapore Management University

We say that a social choice rule is implementable with (small) transfers if one candesign a mechanism whose set of equilibrium outcomes coincides with that speciÖed bythe rule but the mechanism allows for (small) ex post transfers among the players. Weshow in private-value environments that any ince...