- Title:
- Invariance and randomness in the Nash program for coalitional games
- Authors:
- Nir Dagan and Roberto Serrano
- Date:
- January 1997
- Abstract:
- By introducing physical outcomes in coalitional games we note that
coalitional games and social choice problems are equivalent (implying that
so are the theory of implementation and the Nash program). This facilitates
the understanding of the role of invariance and randomness in the Nash
program. Also, the extent to which mechanisms in the Nash program perform
``real implementation'' is examined.
- Keywords:
- Coalitional games, social choice, Nash program, implementation, scale invariance, ordinal invariance, randomness
- JEL codes:
- C70
- Area of Research:
- Microeconomics
- Published in:
- Economics Letters, 58, 43-49, 1998