英文标题:
《Local Dominance》
---
作者:
Emiliano Catonini and Jingyi Xue
---
最新提交年份:
2021
---
英文摘要:
We define a local notion of dominance that speaks to the true choice problems among actions in a game tree. When we do not restrict players\' ability to do contingent reasoning, a reduced strategy is weakly dominant if and only if it prescribes a locally dominant action at every decision node, therefore any dynamic decomposition of a direct mechanism that preserves strategy-proofness is robust to the lack of global planning. Under a form of wishful thinking, we also show that strategy-proofness is robust to the lack of forward planning. Moreover, we identify simple forms of contingent reasoning and foresight, driven by the local viewpoint. We construct a dynamic game that implements the Top Trading Cycles allocation in locally dominant actions under these simple forms of reasoning.
---
中文摘要:
我们定义了一个局部优势概念,它涉及博弈树中行为之间的真正选择问题。当我们不限制参与者进行或有推理的能力时,当且仅当一个简化策略在每个决策节点上规定了一个局部主导行为时,它是弱主导的,因此,任何保持策略证明性的直接机制的动态分解对缺乏全局规划都是鲁棒的。在一种一厢情愿的想法下,我们还证明了战略证明对于缺乏前瞻性规划是强有力的。此外,我们确定了由局部观点驱动的简单形式的偶然推理和预见。我们构造了一个动态博弈,在这些简单的推理形式下,在局部主导行为中实现顶部交易周期的分配。
---
分类信息:
一级分类:Economics 经济学
二级分类:Theoretical Economics 理论经济学
分类描述:Includes theoretical contributions to Contract Theory, Decision Theory, Game Theory, General Equilibrium, Growth, Learning and Evolution, Macroeconomics, Market and Mechanism Design, and Social Choice.
包括对契约理论、决策理论、博弈论、一般均衡、增长、学习与进化、宏观经济学、市场与机制设计、社会选择的理论贡献。
--
---
PDF下载:
-->