Perfect Bayesian implementation View Full Text


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Article Info

DATE

1995-10

AUTHORS

Sandro Brusco

ABSTRACT

We study Social Choice Sets (SCS) implementable as perfect Bayesian equilibria of some incomplete information extensive form game. We provide a necessary condition which we callcondition β. The condition is analogous tocondition C that Moore and Repullo [1988] show to be necessary for subgame perfect implementation in games of complete information, and it is weaker than the Bayesian Monotonicity condition stated in Jackson [1991]. Our first theorem establishes that Incentive Compatibility, Closure and Conditionβ are necessary for implementation. Our second theorem establishes sufficient conditions. We show that any SCS which satisfies Incentive Compatibility, Closure and a condition called Sequential Monotonicity No Veto (SMNV) is implementable. SMNV is similar in spirit but weaker than the Monotonicity No Veto condition stated in Jackson [1991]. It is also similar to a combination of condition α and No Veto Power, which Abreau and Sen show to be sufficient for implementation in subgame perfect equilibrium. More... »

PAGES

419-444

References to SciGraph publications

Journal

TITLE

Economic Theory

ISSUE

3

VOLUME

5

Identifiers

URI

http://scigraph.springernature.com/pub.10.1007/bf01212327

DOI

http://dx.doi.org/10.1007/bf01212327

DIMENSIONS

https://app.dimensions.ai/details/publication/pub.1043766848


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