Abstract
We study Social Choice Sets (SCS) implementable as perfect Bayesian equilibria of some incomplete information extensive form game. We provide a necessary condition which we call condition β. The condition is analogous to condition C that Moore and Repullo [1988] show to be necessary for subgame perfect implementation in games of complete information, and it is weaker than the Bayesian Monotonicity condition stated in Jackson [1991]. Our first theorem establishes that Incentive Compatibility, Closure and Condition β are necessary for implementation. Our second theorem establishes sufficient conditions. We show that any SCS which satisfies Incentive Compatibility, Closure and a condition called Sequential Monotonicity No Veto (SMNV) is implementable. SMNV is similar in spirit but weaker than the Monotonicity No Veto condition stated in Jackson [1991]. It is also similar to a combination of condition α and No Veto Power, which Abreau and Sen show to be sufficient for implementation in subgame perfect equilibrium.
| Original language | English |
|---|---|
| Pages (from-to) | 419-444 |
| Number of pages | 26 |
| Journal | Economic Theory |
| Volume | 5 |
| Issue number | 3 |
| DOIs | |
| State | Published - Oct 1995 |
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