Kalai, Ehud and Ledyard, John O. (1998) Repeated Implementation. Journal of Economic Theory, 83 (2). pp. 308-317. ISSN 0022-0531. doi:10.1006/jeth.1997.2459. https://resolver.caltech.edu/CaltechAUTHORS:20171106-161520759
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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.
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| Additional Information: | © 1998 by Academic Press. All rights of reproduction in any form reserved. Received December 18, 1997; revised June 15, 1998. The authors thank Andreas Blume, Tim Feddersen, Alvaro Sandroni, and a referee of this journal for helpful suggestions. Kalai's research is partly supported by NSF Economics Grant SBR-955421. Ledyard's research is partly supported by the New Millenium Project Office of the Jet Propulsion Laboratory of NASA. Formerly SSWP 1027. | ||||||||||||
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| Issue or Number: | 2 | ||||||||||||
| DOI: | 10.1006/jeth.1997.2459 | ||||||||||||
| Record Number: | CaltechAUTHORS:20171106-161520759 | ||||||||||||
| Persistent URL: | https://resolver.caltech.edu/CaltechAUTHORS:20171106-161520759 | ||||||||||||
| Usage Policy: | No commercial reproduction, distribution, display or performance rights in this work are provided. | ||||||||||||
| ID Code: | 83009 | ||||||||||||
| Collection: | CaltechAUTHORS | ||||||||||||
| Deposited By: | Jacquelyn Bussone | ||||||||||||
| Deposited On: | 07 Nov 2017 17:59 | ||||||||||||
| Last Modified: | 15 Nov 2021 19:54 |
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