CIRJE-F-523 | "Behavioral Aspects of Implementation Theory" |
Author Name | Matsushima, Hitoshi |
Date | October 2007 |
Full Paper | PDF file |
Remarks | The further revision was subsequently published in Economics Letters. |
Abstract |
This paper incorporates behavioral economics into implementation theory. We use mechanisms that are strictly detail-free. We assume that each agent dislikes telling a white lie when such lying does not serve her/his material interest. We present a permissive result wherein by using just a single detail-free mechanism, any alternative can be uniquely implemented in iterative dominance as long as the agents regard this alternative as being socially desirable. |