A difficulty in implementing correlated equilibrium distributions

B-Tier
Journal: Games and Economic Behavior
Year: 2010
Volume: 69
Issue: 1
Pages: 189-193

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

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

Abstract

We view achieving a particular correlated equilibrium distribution for a normal form game as an implementation problem. We show, using a parametric version of the two-person Chicken game, that a social choice function that chooses any particular correlated equilibrium distribution does not satisfy Maskin monotonicity and therefore cannot be fully implemented in Nash equilibrium. Thus, no mechanism that aims to understand a correlated distribution as the unique outcome of Nash equilibrium play can be found.

Technical Details

RePEc Handle
repec:eee:gamebe:v:69:y:2010:i:1:p:189-193
Journal Field
Theory
Author Count
3
Added to Database
2026-01-29