Repeated implementation: A practical characterization

A-Tier
Journal: Journal of Economic Theory
Year: 2019
Volume: 180
Issue: C
Pages: 336-367

Score contribution per author:

2.011 = (α=2.01 / 2 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We characterize the social choice functions that are repeatedly implementable. The necessary and sufficient condition is formulated in terms of the equilibrium payoff set of an associated repeated game. It follows that the implementability of a function can be tested numerically by approximating the equilibrium payoff set. Additionally, with the help of our characterization, we demonstrate that an efficient function is implementable if and only if it satisfies a weaker version of Maskin monotonicity. As an application, we prove that utilitarian social choice functions are implementable by showing that continuation payoff promises effectively play the role of side-payments, which are needed for implementation in static setups.

Technical Details

RePEc Handle
repec:eee:jetheo:v:180:y:2019:i:c:p:336-367
Journal Field
Theory
Author Count
2
Added to Database
2026-01-24