Behavioral implementation under incomplete information

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Behavioral-implementation-under-incomplete-infor_2023_Journal-of-Economic-Th.pdf (430.94 KB)

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2023-09-11

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Abstract

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.

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Journal of Economic Theory

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Elsevier

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Keywords

Behavioral implementation, Behavioral interim incentive efficiency, Incomplete information, Interim implementation

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https://hdl.handle.net/11693/114494

Published Version (Please cite this version)

https://doi.org/10.1016/j.jet.2023.105738

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https://creativecommons.org/licenses/by-nc-nd/4.0/

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Scholarly Publications - Economics

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en

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Article