Universidad de Montevideo, Facultad de Ciencias Empresariales y Economía, Departamento de Economía
Fecha
2016
Extensión
14 p.
Resumen
It is well known that when players have private information, vis a vis the designer, and their preferences coincide it is hard to implement the socially desirable outcome. We show that with arbitrarily small fines and arbitrarily noisy inspections, the social choice correspondence can be fully implemented (truth telling is the unique Nash equilibrium).