Implementation in largest consistent set via rights structures




Korpela Ville, Lombardi Michele, Vartiainen Hannu

PublisherElsevier

2021

Games and Economic Behavior

DOIhttps://doi.org/10.1016/j.geb.2021.04.007

https://www.sciencedirect.com/science/article/pii/S0899825621000567

https://research.utu.fi/converis/portal/detail/Publication/54711763



The designer's exercise consists of designing a rights structure that
formalizes the idea of power distribution in society. A solution is
implementable in largest consistent set by a rights structure if there
exists a rights structure such that for each preference profile, the
largest consistent set of the game played by agents coincides with the
set of outcomes that the solution would select for it. In a setting with
transfers, every Maskin monotonic solution is implementable. This
finding implies that the class of implementable solutions in core
equilibria is unaltered by farsighted reasoning.


Last updated on 2024-26-11 at 12:49