Implementation without incentive compatibility: Two stories with partially informed planners

B-Tier
Journal: Games and Economic Behavior
Year: 2015
Volume: 91
Issue: C
Pages: 258-267

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

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

Abstract

We consider two stories, Typhoon by Conrad and Traveler's Dilemma by Basu (1994, 2007), as implementation problems under incomplete information without incentive compatibility, but where the planner has some private information regarding the state. If social choice functions do not satisfy incentive compatibility, full implementation is unattainable via existing approaches. For each story, we construct a direct mechanism that relies on the planner's private information. We provide a sufficient condition on players' beliefs regarding the state under which every player has a unique rationalizable action, namely, telling the truth. Thus, in these stories, the planner's information can bypass the lack of incentive compatibility.

Technical Details

RePEc Handle
repec:eee:gamebe:v:91:y:2015:i:c:p:258-267
Journal Field
Theory
Author Count
2
Added to Database
2026-01-29