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- W3165802724 abstract "We study full implementation with hard evidence in a bounded environment. By invoking monetary transfers off the equilibrium, we show that a social choice function is Nash implementable in a direct revelation mechanism if and only if it satisfies the measurability condition proposed by Ben-Porath and Lipman (2012). Building on a novel classification of lies according to their refutability with evidence, the mechanism requires only two agents, accounts for mixed-strategy equilibria, accommodates evidentiary costs, and can also be modified to account for limited solvency of the agents. We also establish a necessary and sufficient condition on the evidence structure for renegotiation-proof bilateral contracts, based on the classification of lies." @default.
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- W3165802724 date "2021-05-26" @default.
- W3165802724 modified "2023-09-27" @default.
- W3165802724 title "Direct Nash Implementation with Evidence" @default.
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