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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 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 equilibrium outcomes 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/10003885872
This paper introduces the concept of ordient for binary relations (preferences), a relative of the concept of gradient for functions (utilities). The main motivation for this study is to replace the ordering at the center stage of economic analysis, rather than its representation, if it exists....
Persistent link: https://www.econbiz.de/10003861543
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
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