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This paper studies repeated implementation of social choice functions in environments with complete information and changing preferences. We introduce the condition of dynamic monotonicity and show that it is necessary for repeated implementation in finite as well as infinite horizon problems....
Persistent link: https://www.econbiz.de/10013104359
A mechanism implements a social choice correspondence f in mixed Nash equilibrium if at any preference profile, the set of all pure and mixed Nash equilibrium outcomes coincides with the set of f-optimal alternatives at that preference profile. This definition generalizes Maskin's definition of...
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A mechanism implements a social choice correspondence f in mixed Nash equilibrium if at any preference profile, the set of all pure and mixed Nash equilibriumoutcomes coincides with the set of f-optimal alternatives at that preference profile. This definition generalizes Maskin’s definition of...
Persistent link: https://www.econbiz.de/10003866571
Persistent link: https://www.econbiz.de/10011646017
We study the repeated implementation of social choice functions in environments with complete information and changing preferences. We de?ne dynamic mono- tonicity, a natural but nontrivial dynamic extension of Maskin monotonicity, and show that it is necessary and almost suf?cient for repeated...
Persistent link: https://www.econbiz.de/10011704811
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