Kalai, Ehud and Ledyard, John O. (1998) Repeated Implementation. Social Science Working Paper, 1027. California Institute of Technology , Pasadena, CA. https://resolver.caltech.edu/CaltechAUTHORS:20170811-163520727
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Abstract
In the traditional static implementation literature it is often impossible for implementors to enforce their optimal outcomes. And when restricting the choice to dominant-strategy implementation, only the dictatorial choices of one of the participants are implementable. Repeated implementation problems are drastically different. This paper provides a strong implementation “folk theorem”: for patient implementors, every outcome function they care about is dominant-strategy implementable.
| Item Type: | Report or Paper (Working Paper) | ||||||
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| Additional Information: | Revised version. Original dated to August 1996. The authors wish to thank Andreas Blume, Tim Feddersen, Alvaro Sandroni, and a referee of JEL for helpful suggestions. Kalai’s research is partly supported by NSF Economics Grant No. SBR-955421. Ledyard’s research is partly supported by the New Millennium Project Office of the Jet Propulsion Laboratory of NASA. Published as Kalai, E., & Ledyard, J.O. (1998). Repeated implementation. Journal of Economic Theory, 83(2), 308-317. | ||||||
| Group: | Social Science Working Papers | ||||||
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| Series Name: | Social Science Working Paper | ||||||
| Issue or Number: | 1027 | ||||||
| Record Number: | CaltechAUTHORS:20170811-163520727 | ||||||
| Persistent URL: | https://resolver.caltech.edu/CaltechAUTHORS:20170811-163520727 | ||||||
| Usage Policy: | No commercial reproduction, distribution, display or performance rights in this work are provided. | ||||||
| ID Code: | 80328 | ||||||
| Collection: | CaltechAUTHORS | ||||||
| Deposited By: | Jacquelyn Bussone | ||||||
| Deposited On: | 11 Aug 2017 23:44 | ||||||
| Last Modified: | 03 Oct 2019 18:29 |
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