Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5072130 | Games and Economic Behavior | 2011 | 15 Pages |
Abstract
⺠We study implementation when agents adjust action in direction of better-response. ⺠Quasimonotonicity is necessary for implementation in better-response dynamics (BRD). ⺠Quasimonotonicity and NWA are necessary and sufficient for implementation in BRD. ⺠We also characterize implementation in interim BRD under incomplete information. ⺠A characterization of implementation in strict Bayesian equilibria is also provided.
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Authors
Antonio Cabrales, Roberto Serrano,