Implementation in mixed Nash equilibrium

A-Tier
Journal: Journal of Economic Theory
Year: 2012
Volume: 147
Issue: 6
Pages: 2357-2375

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

A mechanism implements a social choice correspondence f in mixed Nash equilibrium if, at any preference profile, the set of all (pure and mixed) Nash equilibrium outcomes coincides with the set of f-optimal alternatives for all cardinal representations of the preference profile. Unlike Maskinʼs definition, our definition does not require each optimal alternative to be the outcome of a pure equilibrium. We show that set-monotonicity, a weakening of Maskinʼs monotonicity, is necessary for mixed Nash implementation. With at least three players, set-monotonicity and no-veto power are sufficient. Important correspondences that are not Maskin monotonic can be implemented in mixed Nash equilibrium.

Technical Details

RePEc Handle
repec:eee:jetheo:v:147:y:2012:i:6:p:2357-2375
Journal Field
Theory
Author Count
2
Added to Database
2026-01-26