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Repeated Implementation

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  • Kalai, Ehud
  • Ledyard, John O.

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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Suggested Citation

  • Kalai, Ehud & Ledyard, John O., 1998. "Repeated Implementation," Journal of Economic Theory, Elsevier, vol. 83(2), pages 308-317, December.
    • Handle: RePEc:eee:jetheo:v:83:y:1998:i:2:p:308-317
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    Citations

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    Cited by:

    1. Jackson, Matthew O. & Palfrey, Thomas R., 2001. "Voluntary Implementation," Journal of Economic Theory, Elsevier, vol. 98(1), pages 1-25, May.
    2. Michele Lombardi & Naoki Yoshihara, 2020. "Partially-honest Nash implementation: a full characterization," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 70(3), pages 871-904, October.
    3. Matthew O. Jackson & Thomas R. Palfrey, 1998. "Efficiency and Voluntary Implementation in Markets with Repeated Pairwise Bargaining," Econometrica, Econometric Society, vol. 66(6), pages 1353-1388, November.
    4. Lombardi, M. & Yoshihara, N., 2018. "Treading a fine line: (Im)possibilities for Nash implementation with partially-honest individuals," Games and Economic Behavior, Elsevier, vol. 111(C), pages 203-216.
    5. Lombardi, Michele & Yoshihara, Naoki, 2016. "Partially-honest Nash Implementation with Non-connected Honesty Standards," Discussion Paper Series 633, Institute of Economic Research, Hitotsubashi University.
    6. Joel Watson, 2007. "Contract, Mechanism Design, and Technological Detail," Econometrica, Econometric Society, vol. 75(1), pages 55-81, January.
    7. Tharakunnel, Kurian & Bhattacharyya, Siddhartha, 2009. "Single-leader-multiple-follower games with boundedly rational agents," Journal of Economic Dynamics and Control, Elsevier, vol. 33(8), pages 1593-1603, August.
    8. Korpela, Ville & Lombardi, Michele & Vartiainen, Hannu, 2020. "Do coalitions matter in designing institutions?," Journal of Economic Theory, Elsevier, vol. 185(C).
    9. Matthew O. Jackson, 2001. "A crash course in implementation theory," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 18(4), pages 655-708.
    10. Hannu Vartiainen, 2008. "Repeated implementation and complexity considerations," Review of Economic Design, Springer;Society for Economic Design, vol. 11(4), pages 271-293, February.
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    12. Sandholm, William H., 2007. "Pigouvian pricing and stochastic evolutionary implementation," Journal of Economic Theory, Elsevier, vol. 132(1), pages 367-382, January.
    13. Hayashi, Takashi & Lombardi, Michele, 2019. "One-step-ahead implementation," Journal of Mathematical Economics, Elsevier, vol. 83(C), pages 110-126.
    14. Tóbiás, Áron, 2018. "Non-linear pricing and optimal shipping policies," Games and Economic Behavior, Elsevier, vol. 112(C), pages 194-218.
    15. Chambers, Christopher P., 2004. "Virtual repeated implementation," Economics Letters, Elsevier, vol. 83(2), pages 263-268, May.
    16. Azacis, Helmuts & Vida, Péter, 2015. "Repeated Implementation," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 518, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
    17. Āzacis, Helmuts & Vida, Péter, 2019. "Repeated implementation: A practical characterization," Journal of Economic Theory, Elsevier, vol. 180(C), pages 336-367.
    18. Helmuts Āzacis, 2020. "Repeated implementation with overlapping generations of agents," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 55(2), pages 275-299, August.
    19. Michele Lombardi & Naoki Yoshihara, 2017. "Treading a Â…fine line: (Im)possibilities for Nash implementation with partially-honest individuals," Working Papers SDES-2017-14, Kochi University of Technology, School of Economics and Management, revised Aug 2017.

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