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Subgame Perfect Implementation
Abstract
This paper examines the use of stage mechanisms in implementation problems and provides a partial characterization of the set of subgam e perfect implementable choice rules. It is shown that, in many economic environments, virtually an y choice rule can be implemented. To illustrate the power of this approach, the paper discusses a number of models in which it is possible to implement the first-best (although it wouldn't have been possible to do so without using stage mechanisms). The diversity of these models suggests that subgame perfect implementation may find wide application. Copyright 1988 by The Econometric Society.
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Contractual Solutions to the Hold-Up Problem
Rogerson, W. P. (1992) · The Review of Economic Studies · doi:10.2307/2297997 · Cited by 356
Metadata
- Authors
- Moore, J., & Repullo, R.
- Venue
- Econometrica
- Publisher
- JSTOR
- Published
- 1988-09
- Volume
- 56
- Issue
- 5
- Pages
- 1191
- ISSN
- 0012-9682 (ISSN-L)
- OpenAlex
- W2089994460
- Cited by
- 460
- References
- 0
- FWCI
- 33.43
- Type
- journal article
- Language
- en
- Open access
- closed
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- Moore, J., & Repullo, R. (1988). Subgame Perfect Implementation. Econometrica. https://doi.org/10.2307/1911364
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
