Multiple Equilibria as a Difficulty in Understanding Correlated Distributions∗
نویسندگان
چکیده
We view achieving a particular correlated equilibrium distribution for a normal form game as an implementation problem. We show, using a parametric version of the two-person Chicken game and a wide class of correlated equilibrium distributions, that a social choice function that chooses a particular correlated equilibrium distribution from this class does not satisfy the Maskin monotonicity condition and therefore can not be fully implemented in Nash equilibrium. JEL Classification Numbers : C72.
منابع مشابه
In Economics and Social Sciences Working Papers Series Multiple Equilibria as a Difficulty in Understanding Correlated Distributions
We view achieving a particular correlated equilibrium distribution for a normal form game as an implementation problem. We show, using a parametric version of the two-person Chicken game and a wide class of correlated equilibrium distributions, that a social choice function that chooses a particular correlated equilibrium distribution from this class does not satisfy the Maskin monotonicity con...
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