Repeated Implementation
Paper Number:
1027
Date:
04/01/1997
Abstract:
In the traditional static implementation literature it is often impossible for implementors to enforce their optimal outcomes. And when restricting the choice to dominant-strategy implementation, only the dictatorial choices of one of the participants are implementable. Repeated implementation problems are drastically different. This paper provides a strong implementation "folk theorem" for patient implementors, every outcome function they care about is dominant-strategy implementable.
Paper Length:
15 pages
Paper:
wp1027.pdf