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Implementation in minimax regret equilibrium

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journal contribution
posted on 2010-06-21, 08:58 authored by Ludovic Renou, Karl H. Schlag
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 for all ε∈[0,1).

History

Citation

Games and Economic Behavior, 2011, 71(2), pp. 527-533

Published in

Games and Economic Behavior

Publisher

Elsevier

issn

0899-8256

Copyright date

2011

Available date

2010-06-21

Publisher version

http://www.sciencedirect.com/science/article/pii/S0899825610000990

Language

en

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