A1 Refereed original research article in a scientific journal
Irresolute mechanism design: a new path to possibility
Authors: Korpela Ville
Publisher: Springer
Publication year: 2023
Journal: International Journal of Game Theory
eISSN: 1432-1270
DOI: https://doi.org/10.1007/s00182-023-00849-0
Web address : https://link.springer.com/article/10.1007/s00182-023-00849-0
Self-archived copy’s web address: https://research.utu.fi/converis/portal/detail/Publication/179349294
Often preferences in a group of agents are such that any sensible goal must admit a tie between all alternatives. The standard formulation in mechanism design demands that in this case all alternatives must be equilibrium outcomes of the decision making mechanism. However, as far as the idea of an equilibrium is to predict the outcome, we could equally well require that there are no equilibria at all. Although this may seem innocent, it allows the mechanism designer to implement goals that are impossible to enforce with any other implementation concept, like mixed Nash implementation, subgame perfect implementation, or Nash implementation using undominated strategies.
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