TY - JOUR
T1 - Rationalizable implementation
AU - Bergemann, Dirk
AU - Morris, Stephen
AU - Tercieux, Olivier
N1 - Funding Information:
✩ We benefited from the suggestions of the guest editor and four anonymous referees. We are grateful to Navin Kartik, Ludovic Renou and Roberto Serrano for comments on an earlier draft. This research is supported by NSF Grant #SES-0851200. * Corresponding author. E-mail addresses: [email protected] (D. Bergemann), [email protected] (S. Morris), [email protected] (O. Tercieux).
PY - 2011/5
Y1 - 2011/5
N2 - We consider the implementation of social choice functions under complete information in rationalizable strategies. A strict version of the monotonicity condition introduced by Maskin is necessary under the solution concept of rationalizability. Assuming the social choice function is responsive, i.e. in distinct states it selects distinct outcomes, we show that strict Maskin monotonicity is also sufficient under a mild "no worst alternative" condition. In particular, no economic condition is required. We discuss how our results extend when the social choice function is not responsive.
AB - We consider the implementation of social choice functions under complete information in rationalizable strategies. A strict version of the monotonicity condition introduced by Maskin is necessary under the solution concept of rationalizability. Assuming the social choice function is responsive, i.e. in distinct states it selects distinct outcomes, we show that strict Maskin monotonicity is also sufficient under a mild "no worst alternative" condition. In particular, no economic condition is required. We discuss how our results extend when the social choice function is not responsive.
KW - Complete information
KW - Implementation
KW - Maskin monotonicity
KW - Rationalizability
KW - Robust implementation
KW - Robust mechanism design
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U2 - 10.1016/j.jet.2010.12.011
DO - 10.1016/j.jet.2010.12.011
M3 - Article
AN - SCOPUS:79956322956
SN - 0022-0531
VL - 146
SP - 1253
EP - 1274
JO - Journal of Economic Theory
JF - Journal of Economic Theory
IS - 3
ER -