Extensive Form Implementation in Incomplete Information Environments |
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Authors: | James Bergin Arunava Sen |
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Affiliation: | aDepartment of Economics, Queen's University, Kingston, Ontario, K7L 3N6, Canada;bIndian Statistical Institute, S.J.S. Sansanwal Marg, New Delhi, 110016, India |
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Abstract: | We study the implementation of social choice rules in incomplete information environments. A sufficiency condition calledposterior reversalis given for extensive form implementation. The condition has a natural interpretation in signaling terms: Consistent posterior distributions under truth-telling are different from consistent posteriors under deception. This variation in the distribution over player types leads to variation in the distribution over actions and outcomes (comparing truth-telling and deception). We exploit this feature to implement social choice rules.Journal of Economic LiteratureClassification Numbers: D78, D82. |
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