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.
ASJC Scopus subject areas
- Economics and Econometrics