Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/77736
Authors: 
Cabrales, Antonio
Serrano, Roberto
Year of Publication: 
2012
Citation: 
[Journal:] SERIEs - Journal of the Spanish Economic Association [ISSN:] 1869-4195 [Publisher:] Springer [Place:] Heidelberg [Volume:] 3 [Year:] 2012 [Issue:] 1/2 [Pages:] 59-72
Abstract: 
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 epsilon-secure and strongly efficient SCF is implementable when there are at least five agents. Extensions to incomplete information environments are also obtained.
Subjects: 
robust implementation
bounded rationality
evolutionary dynamics
mechanisms
stochastic stability
JEL: 
C72
D70
D78
Persistent Identifier of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by/2.0/
Document Type: 
Article

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