Abstract
In the traditional static implementation literature it is often impossible for implementors to enforce their optimal outcomes. And when restricting the choice to dominant-strategy implementation, only the dictatorial choices of one of the participants are implementable. Repeated implementation problems are drastically different. This paper provides a strong implementation "folk theorem:" for patient implementors, every outcome function they care about is dominant-strategy implementable.journal of Economic LiteratureClassification Numbers: C7, D7.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 308-317 |
| Number of pages | 10 |
| Journal | Journal of Economic Theory |
| Volume | 83 |
| Issue number | 2 |
| DOIs | |
| State | Published - Dec 1998 |
Funding
* The authors thank Andreas Blume, Tim Feddersen, Alvaro Sandroni, and a referee of this journal for helpful suggestions. Kalai’s research is partly supported by NSF Economics Grant SBR-955421. Ledyard’s research is partly supported by the New Millenium Project Office of the Jet Propulsion Laboratory of NASA.
ASJC Scopus subject areas
- Economics and Econometrics