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Behavioral implementation under incomplete information

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  • Barlo, Mehmet
  • Dalkıran, Nuh Aygün

Abstract

We investigate implementation under incomplete information allowing for individuals' choices featuring violations of rationality. Our primitives are individuals' interim choices that do not have to satisfy the weak axiom of revealed preferences. In this setting, we provide necessary as well as sufficient conditions for behavioral implementation under incomplete information. We also introduce behavioral interim incentive Pareto efficiency and investigate its implementability under incomplete information.

Suggested Citation

  • Barlo, Mehmet & Dalkıran, Nuh Aygün, 2023. "Behavioral implementation under incomplete information," Journal of Economic Theory, Elsevier, vol. 213(C).
    • Handle: RePEc:eee:jetheo:v:213:y:2023:i:c:s0022053123001345
    DOI: 10.1016/j.jet.2023.105738
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    References listed on IDEAS

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    More about this item

    Keywords

    Behavioral implementation; Incomplete information; Interim implementation; Behavioral interim incentive efficiency;
    All these keywords.

    JEL classification:

    • D60 - Microeconomics - - Welfare Economics - - - General
    • D79 - Microeconomics - - Analysis of Collective Decision-Making - - - Other
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • D90 - Microeconomics - - Micro-Based Behavioral Economics - - - General

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