Renou, Ludovic and Schlag, Karl H (2011) Implementation in minimax regret equilibrium. Games and Economic Behavior, 71 (2). pp. 527-533. DOI https://doi.org/10.1016/j.geb.2010.05.010
Renou, Ludovic and Schlag, Karl H (2011) Implementation in minimax regret equilibrium. Games and Economic Behavior, 71 (2). pp. 527-533. DOI https://doi.org/10.1016/j.geb.2010.05.010
Renou, Ludovic and Schlag, Karl H (2011) Implementation in minimax regret equilibrium. Games and Economic Behavior, 71 (2). pp. 527-533. DOI https://doi.org/10.1016/j.geb.2010.05.010
Abstract
This Note studies the problem of implementing social choice correspondences in environments where individuals have doubts about the rationality of their opponents. We postulate the concept of epsilon-minimax regret as our solution concept and show that social choice correspondences that are Maskin monotonic and satisfy the no-veto power condition are implementable in epsilon-minimax regret equilibrium for all epsilonset membership, variant0,1).
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | Implementation; Minimax regret; Maskin monotonicity |
| Subjects: | H Social Sciences > HB Economic Theory |
| Divisions: | Faculty of Social Sciences > Economics, Department of |
| SWORD Depositor: | Unnamed user with email elements@essex.ac.uk |
| Depositing User: | Unnamed user with email elements@essex.ac.uk |
| Date Deposited: | 06 Jan 2013 22:43 |
| Last Modified: | 24 Oct 2024 10:34 |
| URI: | http://repository.essex.ac.uk/id/eprint/5030 |