Coalitional Bayesian Nash implementation in differential information economies (Q5953042)

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scientific article; zbMATH DE number 1690828
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Coalitional Bayesian Nash implementation in differential information economies
scientific article; zbMATH DE number 1690828

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    Coalitional Bayesian Nash implementation in differential information economies (English)
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    11 February 2003
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    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.
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    implementation
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    mechanism
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    coalitional Bayesian Nash equilibrium
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    social choice set
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    differential information
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