A Folk Theorem for Competing Mechanisms
Michael Peters*, Christian Troncoso Valverde
Date: 2009-05-15 9:00 am – 9:30 am
Last modified: 2009-04-15
Abstract
We prove a folk theorem for games in which mechanism designers compete in mechanisms and in which there are at least 5 players. All allocations supportable by a centralized mechanism designer, including allocations involving correlated actions (and correlated punishments) are covered by this theorem.