Rationalizable Incentives: Interim Implementation of Sets in Rationalizable Strategies

• Main Authors: KUNIMOTO, Takashi, SERRANO, Roberto
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2020
• Subjects: Rationalizable incentive compatibility; Bayesian incentive com-patibility; uniform Bayesian monotonicity; interim rationalizable monotonic-ity; implementation; rationalizability.; Economic Theory
• Online Access: https://ink.library.smu.edu.sg/soe_research/2354; https://ink.library.smu.edu.sg/context/soe_research/article/3353/viewcontent/incomplete_information_rationalizable_implementation_2020_1_31_.pdf
• Institution: Singapore Management University

This paper investigates rationalizable implementation of social choice sets (SCSs) in incomplete information environments. We identify rationalizable incentive compatibility (RIC) as its key condition, argue by means of example that RIC is strictly weaker than the standard Bayesian incentive compati...