Article ID Journal Published Year Pages File Type
5071628 Games and Economic Behavior 2015 16 Pages PDF
Abstract
I consider a standard implementation problem under complete information when agents have a minimal degree of honesty. In particular, I assume that agents are white lie averse: they strictly prefer to tell the truth whenever lying has no effect on their material payoff. I show that if there are at least five agents who are all white lie averse and if I impose either of two refinements of Nash equilibrium, then a simple direct mechanism fully implements any social choice function.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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