Article ID Journal Published Year Pages File Type
5072510 Games and Economic Behavior 2010 5 Pages PDF
Abstract
We view achieving a particular correlated equilibrium distribution for a normal form game as an implementation problem. We show, using a parametric version of the two-person Chicken game, that a social choice function that chooses any particular correlated equilibrium distribution does not satisfy Maskin monotonicity and therefore cannot be fully implemented in Nash equilibrium. Thus, no mechanism that aims to understand a correlated distribution as the unique outcome of Nash equilibrium play can be found.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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