Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5072252 | Games and Economic Behavior | 2011 | 7 Pages |
Abstract
This Note studies the problem of implementing social choice correspondences in environments where individuals have doubts about the rationality of their opponents. We postulate the concept of ε-minimax regret as our solution concept and show that social choice correspondences that are Maskin monotonic and satisfy the no-veto power condition are implementable in ε-minimax regret equilibrium for all εâ[0,1).
Related Topics
Social Sciences and Humanities
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Economics and Econometrics
Authors
Ludovic Renou, Karl H. Schlag,