Behavioral implementation under incomplete information
Date
2023-09-11
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Source Title
Journal of Economic Theory
Print ISSN
0022-0531
Electronic ISSN
1095-7235
Publisher
Elsevier
Volume
213
Issue
Pages
1 - 24
Language
en
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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.