Full Nash implementation of neutral social functions (Q1095771)

From MaRDI portal
scientific article
Language Label Description Also known as
English
Full Nash implementation of neutral social functions
scientific article

    Statements

    Full Nash implementation of neutral social functions (English)
    0 references
    0 references
    1987
    0 references
    This paper characterizes neutral social functions that are fully implementable. A neutral social function must be monotonic and simple to be fully implementable under either the Nash equilibrium concept or the strong Nash equilibrium concept. If a neutral social function is monotonic and simple, then the social function is fully implementable by a set of Nash equilibria. For finite alternative sets a neutral social function will be fully implementable by a set of strong Nash equilibria if and only if it is monotonic, simple and dictatorial.
    0 references
    0 references
    full Nash implementation
    0 references
    neutral social functions
    0 references
    strong Nash equilibrium
    0 references