Rationalizable implementation in finite mechanisms
We prove that the Maskin monotonicity condition (by Bergemann, Morris, and Tercieux (2011)) fully characterizes exact rationalizable implementation in an environ-ment with lotteries and transfers. Different from previous papers, our approach possesses many appealing features simultaneously, e.g., in...
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| Main Authors: | , , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2020
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soe_research/2355 https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=3354&context=soe_research |
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| Institution: | Singapore Management University |
| Language: | English |