A1 Refereed original research article in a scientific journal

Irresolute mechanism design: a new path to possibility




AuthorsKorpela Ville

PublisherSpringer

Publication year2023

JournalInternational Journal of Game Theory

eISSN1432-1270

DOIhttps://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 addresshttps://research.utu.fi/converis/portal/detail/Publication/179349294


Abstract

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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Last updated on 2025-27-03 at 21:47