2011•Munich Personal RePEc Archive (Ludwig Maximilian University of Munich)Open access

On amending the Maskin's theorem by using complex numbers

Haoyang Wu

Open full text 1 citations

Abstract

The Maskin's theorem is a fundamental work in the theory of\nmechanism design. In this paper, we will propose a self-enforcing\nagreement by which agents can fight a bad social choice rule which\nsatisfies monotonicity and no-veto if an additional condition is\nsatisfied. The agreement is based on complex numbers and is\njustified if the designer receives messages from the agents through\nsome communication channels (e.g., Internet). Under the assumption\nof complete information among agents, the designer cannot prevent\nthe agents from signing such agreement. Thereby, the Maskin's\nsufficiency theorem is amended.

Open-access reader

About this research paper

What this paper is about

The Maskin's theorem is a fundamental work in the theory of\nmechanism design. In this paper, we will propose a self-enforcing\nagreement by which agents can fight a bad social choice rule which\nsatisfies monotonicity and no-veto if an additional condition is\nsatisfied. The agreement is based on complex numbers and is\njustified if the designer receives messages from the agents through\nsome communication channels (e.g., Internet). Under the assumption\nof complete information among agents, the designer cannot prevent\nthe agents from signing such agreement. Thereby, the Maskin's\nsufficiency theorem is amended.

Why it matters

OpenAlex reports 1 citations for this work. Citation counts describe recorded attention and do not establish research quality.

Key contribution

A contribution statement is not available in the OpenAlex record.

Method / approach

Method details are not available in the OpenAlex metadata.

Main findings

Findings are not separately available in the OpenAlex metadata.

Limitations

Limitations are not available in the OpenAlex metadata.

Applications

Application details are not available in the OpenAlex metadata.

Available abstract

The Maskin's theorem is a fundamental work in the theory of\nmechanism design. In this paper, we will propose a self-enforcing\nagreement by which agents can fight a bad social choice rule which\nsatisfies monotonicity and no-veto if an additional condition is\nsatisfied. The agreement is based on complex numbers and is\njustified if the designer receives messages from the agents through\nsome communication channels (e.g., Internet). Under the assumption\nof complete information among agents, the designer cannot prevent\nthe agents from signing such agreement. Thereby, the Maskin's\nsufficiency theorem is amended.

Key concepts: Social choice theory, Mechanism (biology), Mechanism design, Mathematical economics, Nash equilibrium, Computer science, Quantum, Pareto principle

Related papers

Back to paper searchBrowse research topicsOriginal source
On amending the Maskin's theorem by using complex numbers — Research Paper | ScholarLens