RIEB Seminar (Jointly supported by:Grant-in-Aid for Scientific Research (S),(B))

日時 2016年7月20日(水)午後3時30分から午後5時00分まで
会場 神戸大学経済経営研究所 新館2F 会議室
対象 教員、院生、および同等の知識をお持ちの方
使用言語 日本語
備考 論文のコピーは共同研究推進室にご用意いたします。


報告者 林 貴志
所属 グラスゴー大学 アダム・スミスビジネススクール
論題 Sequential Implementation without Commitment
概要 In a fi…nite-horizon intertemporal setting, in which society needs to decide and enforce a socially optimal outcome in each period without being able to commit to future ones, the paper examines problems of implementing dynamic social choice processes. A dynamic social choice process is a social choice function (SCF) that maps every admissible state into a socially optimal outcome on the basis of past outcomes. A SCF is sequentially implementable if there exists a sequence of mechanisms (with observed actions and with simultaneous moves) such that for each possible state of the environment, each (pure strategy) subgame perfect (Nash-)equilibrium of games played sequentially by the same individuals in that state generates the outcome prescribed by the SCF for that state, at every history. The paper identi…fies necessary conditions for SCFs to be sequentially implemented, sequential decomposability and sequential Maskin monotonicity, and shows that they are also suficient under auxiliary conditions when there are three or more individuals. It provides an account of welfare implications of the sequential implementability in the contexts of sequential trading and sequential voting.