Maskin meets Abreu and Matsushima

• Main Authors: CHEN, Yi-Chun, KUNIMOTO, Takashi, SUN, Yifei, XIONG, Siyang
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2022
• Subjects: Complete information; full implementation; information perturbations; Maskin monotonicity; mixed-strategy Nash equilibrium; social choice function.; Economic Theory
• Online Access: https://ink.library.smu.edu.sg/soe_research/2655; https://ink.library.smu.edu.sg/context/soe_research/article/3654/viewcontent/4255_35309_1_PB.pdf
• Institution: Singapore Management University

The theory of full implementation has been criticized for using integer/modulo games, which admit no equilibrium (Jackson (1992)). To address the critique, we revisit the classical Nash implementation problem due to Maskin (1977, 1999) but allow for the use of lotteries and monetary transfers as in...