Rationalizable incentives: Interim rationalizable implementation of correspondences

• Main Authors: KUNIMOTO, Takashi, SARAN, Rene, SERRANO, Roberto
• 格式: text
• 語言: English
• 出版: Institutional Knowledge at Singapore Management University 2025
• 主題: Rationalizability; Implementation; correspondences; Setwise incentive; Compatibility; Setwise Dominance; Ex-post Efficiency.; Economic Theory
• 在線閱讀: https://ink.library.smu.edu.sg/soe_research/2799; https://ink.library.smu.edu.sg/context/soe_research/article/3798/viewcontent/Rationalizable_Incentives_2025_02_01__Edited___1_.pdf

When the normative goals for a set of agents can be summarized in a set-valued rule and agents take actions that are rationalizable, a new theory of incentives emerges in which standard Bayesian incentive compatibility (BIC) is relaxed significantly. The paper studies the interim rationalizable impl...