Abreu–Matsushima Mechanisms: Experimental Evidence
Abreu–Matsushima Mechanisms: Experimental Evidence
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阿布鲁-松岛机制:实验证据
DOI:
10.1006/game.1996.0087
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发表时间:
1996
影响因子:
1.1
通讯作者:
Abdullah Yavas
中科院分区:
文献类型:
--
作者:
Martin Sefton;Abdullah Yavas
Abstract Abreu–Matsushima mechanisms can be applied to a broad class of games to induce any desired outcome as the unique rationalizable outcome. We conduct experiments investigating the performance of such mechanisms in two simple coordination games. In these games one pure-strategy equilibrium is “focal”; we assess the efficacy of Abreu–Matsushima mechanisms for implementing the other pure-strategy equilibrium outcome. Abreu–Matsushima mechanisms induce some choices consistent with the desired outcome, but more choices reflect the focal outcome. Moreover, “strengthening” the mechanism has a perverse effect when the desired outcome is a Pareto-dominated risk-dominated equilibrium. Journal of Economic Literature Classification Number: C7.