Article ID Journal Published Year Pages File Type
7373485 Mathematical Social Sciences 2015 19 Pages PDF
Abstract
In this paper we explore the problem of Nash implementation providing two new properties called I-monotonicity and I-weak no-veto power. These properties form together with unanimity a new sufficient condition for a social choice correspondence to be implementable in Nash equilibria with at least three agents. As applications, we prove that: (1) In private good economies with single-plateaued preferences, each solution of the problem of fair division that has a full range is Nash implementable if and only if it satisfies Maskin monotonicity, (2) In matching problems, Maskin monotonicity is a necessary and sufficient condition for implementation.
Related Topics
Physical Sciences and Engineering Mathematics Applied Mathematics
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