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Cabrales, Antonio; Serrano, Roberto - In: SERIEs : Journal of the Spanish Economic Association 3 (2012) 1/2, pp. 59-72

; evolutionary dynamics ; mechanisms ; stochastic stability …

Persistent link: https://www.econbiz.de/10009506456

Cabrales, Antonio; Serrano, Roberto - Departamento de Economía, Universidad Carlos III de Madrid - 2011

Restricting attention to economic environments, we study implementation under perturbed better-response dynamics (BRD). A social choice function (SCF) is implementable in stochastically stable strategies of perturbed BRD whenever the only outcome supported by the stochastically stable strategies...

Persistent link: https://www.econbiz.de/10008876323

Implementation in adaptive better-response dynamics

Cabrales, Antonio; Serrano, Roberto - Instituto de Ciencias Sociales, Instituto Madrileño de … - 2007

then tighten the assumptions on preferences and mutation processes and provide mechanisms for stochastically stable …

Persistent link: https://www.econbiz.de/10005764668

Implementation, elimination of weakly dominated strategies and evolutionary dynamics

Cabrales, Antonio; Ponti, Giovanni - Department of Economics and Business, Universitat … - 1997

This paper is concerned with the realism of mechanisms that implement social choice functions in the traditional sense …

Persistent link: https://www.econbiz.de/10005772028

Adaptive dynamics and the implementation problem with complete information

Cabrales, Antonio - Department of Economics and Business, Universitat … - 1996

This paper studies the equilibrating process of several implementation mechanisms using naive adaptive dynamics. We … way we cast some doubt on the criticism of ``complexity'' commonly used against this mechanism. For mechanisms that use … implementation with refined equilibrium concepts have claimed that the mechanisms they propose are ``simple'' and implement …

Persistent link: https://www.econbiz.de/10005772289

IMPLEMETATION IN ADAPTIVE BETTER-RESPONSE DYNAMICS

Serrano, Roberto; Cabrales, Antonio - Centro de Estudios Monetarios y Financieros (CEMFI) - 2007

then tighten the assumptions on preferences and mutation processes and provide mechanisms for stochastically stable …

Persistent link: https://www.econbiz.de/10005168666

Mechanism design with bounded depth of reasoning and small modeling mistakes

De Clippel, Geoffroy; Saran, Rene; Serrano, Roberto - 2014

rational expectations. We use simple direct mechanisms, in which agents report only first-order beliefs. While level 0 agents …

Persistent link: https://www.econbiz.de/10010401721

Level-k mechanism design

De Clippel, Geoffroy; Saran, Rene; Serrano, Roberto - 2016 - This version: July 2016

Models of choice where agents see others as less sophisticated than themselves have significantly different, sometimes more accurate, predictions in games than does Nash equilibrium. When it comes to mechanism design, however, they turn out to have surprisingly similar implications. This paper...

Persistent link: https://www.econbiz.de/10011515723

Adaptive Dynamics and the Implementation Problem with Complete Information

Cabrales, Antonio - 1997

This paper studies the equilibrating process of several implementation mechanisms using naive adaptive dynamics. We … way we cast some doubt on the criticism of "complexity" commonly used against this mechanism. For mechanisms that use more … refined equilibrium concepts have claimed that the mechanisms they propose are "simple" and implement "everything" (in …

Persistent link: https://www.econbiz.de/10014173649

Mechanism Design with Bounded Depth of Reasoning and Small Modeling Mistakes

De Clippel, Geoffroy - 2014

rational expectations. We use simple direct mechanisms, in which agents report only first-order beliefs. While level 0 agents …

Persistent link: https://www.econbiz.de/10013051820