Behavioral implementation under incomplete information

• 成果类型: Article
• 署名作者: Barlo, Mehmet; Dalkiran, Nuh Ayguen
• 署名单位: Sabanci University; Ihsan Dogramaci Bilkent University
• 刊物名称: JOURNAL OF ECONOMIC THEORY
• ISSN/ISSBN: 0022-0531
• DOI: 10.1016/j.jet.2023.105738
• 发表日期: 2023
• 关键词: Behavioral implementation; incomplete information; Interim implementation; Behavioral interim incentive efficiency

摘要

We investigate implementation under incomplete information allowing for individuals' choices featuring violations of rationality. Our primitives are individuals' interim choices that do not have to satisfy the weak axiom of revealed preferences. In this setting, we provide necessary as well as sufficient conditions for behavioral implementation under incomplete information. We also introduce behavioral interim incentive Pareto efficiency and investigate its implementability under incomplete information. (c) 2023 Elsevier Inc. All rights reserved.