Implementation in partial equilibrium

Implementation in partial equilibrium

Consider a society with a finite number of sectors (social issues or commodities). In a partial equilibrium (PE) mechanism a sector authority (SA) aims to elicit agents’preference rankings for outcomes at hand, presuming separability of preferences, while such presumption is false in general and such isolated rankings might be artifacts. Therefore, its participants are required to behave as if ...

Partial Chemical Equilibrium : Theory and Implementation in the Program

Partial equilibrium approximations in Apoptosis

Apoptosis is one of the most basic biological processes. In apoptosis, tens of species are involved in many biochemical reactions with times scales of widely differing orders of magnitude. By the law of mass action, the process is mathematically described with a large and stiff system of ODEs (ordinary differential equations). The goal of this work is to simplify such systems of ODEs with the P...

Implementation in mixed Nash equilibrium

A mechanism implements a social choice correspondence f in mixed Nash equilibrium if, at any preference profile, the set of all (pure and mixed) Nash equilibrium outcomes coincides with the set of f -optimal alternatives for all cardinal representations of the preference profile. Unlike Maskin’s definition, our definition does not require each optimal alternative to be the outcome of a pure equ...

Implementation in minimax regret equilibrium

This note studies the problem of implementing social choice correspondences in environments where individuals have doubts about the rationality of their opponents. We postulate the concept of ε-minimax regret as our solution concept and show that social choice correspondences that are Maskin monotonic and satisfy the no-veto power condition are implementable in ε-minimax regret equilibrium