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  • 标题:Stochastically stable implementation
  • 本地全文:下载
  • 作者:Antonio Cabrales ; Roberto Serrano
  • 期刊名称:SERIEs: Journal of the Spanish Economic Association
  • 印刷版ISSN:1869-4187
  • 电子版ISSN:1869-4195
  • 出版年度:2012
  • 卷号:3
  • 期号:1-2
  • 页码:59-72
  • DOI:10.1007/s13209-011-0062-7
  • 出版社:Springer Berlin / Heidelberg
  • 摘要:Restricting attention to economic environments, we study implementation under perturbed better-response dynamics (BRD). A social choice function (SCF) is implementable in stochastically stable strategies of perturbed BRD whenever the only outcome supported by the stochastically stable strategies of the perturbed process is the outcome prescribed by the SCF. For uniform mistakes, we show that any ε -secure and strongly efficient SCF is implementable when there are at least five agents. Extensions to incomplete information environments are also obtained.
  • 关键词:Robust implementation; Bounded rationality; Evolutionary dynamics; Mechanisms; Stochastic stability
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