Getting Dynamic Implementation to Work

S-Tier
Journal: Journal of Political Economy
Year: 2023
Volume: 131
Issue: 2
Pages: 285 - 387

Authors (5)

Yi-Chun Chen (not in RePEc) Richard Holden (UNSW Sydney) Takashi Kunimoto (Singapore Management Universit...) Yifei Sun (not in RePEc) Tom Wilkening (not in RePEc)

Score contribution per author:

1.609 = (α=2.01 / 5 authors) × 4.0x S-tier

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

Abstract

We develop a new class of two-stage mechanisms, which fully implement any social choice function under initial rationalizability in complete information environments. We show theoretically that our simultaneous report (SR) mechanisms are robust to small amounts of incomplete information about the state of nature. We also highlight the robustness of the mechanisms to a wide variety of reasoning processes and behavioral assumptions. We show experimentally that an SR mechanism performs well in inducing truth telling in both complete and incomplete information environments and that it can induce efficient investment in a two-sided holdup problem with ex ante investment.

Technical Details

RePEc Handle
repec:ucp:jpolec:doi:10.1086/721153
Journal Field
General
Author Count
5
Added to Database
2026-01-25