Coalitional Bayesian Nash implementation in differential information economies (Q5953042): Difference between revisions

A mechanism coalitionally implements a social choice set if any outcome of the set can be achieved as a coalitional Bayesian Nash equilibrium of a mechanism and vice versa. A social choice set is coalitionally implementable if there is a mechanism which coalitionally implements it. It is shown that a social choice set is coalitionally implementable if and only if it is interim individually rational, interim efficient, coalitional Bayesian incentive compatible and satisfies a monotonicity and a closure condition. As an application it is shown that the private core and the private Shapley value of an economy with differential information are coalitionally implementable.