Hayashi, T, Jain, R, Korpela, V and Lombardi, M ORCID: 0000-0002-8613-053X
(2023)
Behavioral strong implementation.
ECONOMIC THEORY, 76 (4).
pp. 1257-1287.
Text
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Abstract
Choice behavior is rational if it is based on the maximization of some context-independent preference relation. This study re-examines the questions of implementation theory in a setting where players’ choice behavior need not be rational and coalition formation must be taken into account. Our model implies that with non-rational players, the formation of groups greatly affects the design exercise. As a by-product, we also propose a notion of behavioral efficiency and we compare it with existing notions.
Item Type: | Article |
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Uncontrolled Keywords: | (behavioral) group strategy-proofness, Implementation, Non-rational behavior, State-contingent choice rules, Strong equilibrium |
Divisions: | Faculty of Humanities and Social Sciences > School of Management |
Depositing User: | Symplectic Admin |
Date Deposited: | 29 Sep 2023 15:22 |
Last Modified: | 06 Apr 2024 01:30 |
DOI: | 10.1007/s00199-023-01494-0 |
Related URLs: | |
URI: | https://livrepository.liverpool.ac.uk/id/eprint/3173182 |