IDEAS home Printed from https://ideas.repec.org/p/tky/fseres/2008cf598.html
   My bibliography  Save this paper

Implementation and Social Influence

Author

Listed:
  • Hitoshi Matsushima

    (Faculty of Economics, University of Tokyo)

Abstract

This paper incorporates social psychology into implementation theory. Real individuals care not only about their material benefits but also about their social influence in terms of obedience and conformity. Using a continuous time horizon, we demonstrate a method of manipulating the decision-making process, according to which, an uninformed principal utilizes her/his power of social influence to incentivize multiple informed agents to make honest announcements. Following this method, we show that with incentive compatibility, the principal can implement any alternative as she/he wishes as the unique Nash equilibrium outcome, even if her/his power is limited and no contractual devices are available.

Suggested Citation

  • Hitoshi Matsushima, 2008. "Implementation and Social Influence," CIRJE F-Series CIRJE-F-598, CIRJE, Faculty of Economics, University of Tokyo.
    • Handle: RePEc:tky:fseres:2008cf598
    as

    Download full text from publisher

    File URL: http://www.cirje.e.u-tokyo.ac.jp/research/dp/2008/2008cf598.pdf
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Matsushima, Hitoshi, 2008. "Role of honesty in full implementation," Journal of Economic Theory, Elsevier, vol. 139(1), pages 353-359, March.
    2. Uri Gneezy, 2005. "Deception: The Role of Consequences," American Economic Review, American Economic Association, vol. 95(1), pages 384-394, March.
    3. Matsushima, Hitoshi, 1988. "A new approach to the implementation problem," Journal of Economic Theory, Elsevier, vol. 45(1), pages 128-144, June.
    4. Glazer, Jacob & Rubinstein, Ariel, 1998. "Motives and Implementation: On the Design of Mechanisms to Elicit Opinions," Journal of Economic Theory, Elsevier, vol. 79(2), pages 157-173, April.
    5. Eric Maskin, 1999. "Nash Equilibrium and Welfare Optimality," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 66(1), pages 23-38.
    6. Kfir Eliaz, 2002. "Fault Tolerant Implementation," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 69(3), pages 589-610.
    7. Abreu Dilip & Matsushima Hitoshi, 1994. "Exact Implementation," Journal of Economic Theory, Elsevier, vol. 64(1), pages 1-19, October.
    8. Bernheim, B Douglas, 1994. "A Theory of Conformity," Journal of Political Economy, University of Chicago Press, vol. 102(5), pages 841-877, October.
    9. Matsushima, Hitoshi, 2008. "Behavioral aspects of implementation theory," Economics Letters, Elsevier, vol. 100(1), pages 161-164, July.
    10. Martin J. Osborne & Ariel Rubinstein, 1994. "A Course in Game Theory," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262650401, April.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Hitoshi Matsushima, 2009. "Implementation and Mind Control," CIRJE F-Series CIRJE-F-673, CIRJE, Faculty of Economics, University of Tokyo.
    2. Hitoshi Matsushima, 2013. "Process manipulation in unique implementation," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 41(4), pages 883-893, October.
    3. Hitoshi Matsushima, 2017. "Dynamic Implementation, Verification, and Detection," CARF F-Series CARF-F-416, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
    4. Hitoshi Matsushima, 2007. "Behavioral Aspects of Implementation Theory ( The further revision was subsequently published in "Economics Letters". )," CARF F-Series CARF-F-112, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
    5. Hitoshi Matsushima, 2019. "Partial Ex-Post Verifiability and Unique Implementation of Social Choice Functions (Forthcoming in Social Choice and Welfare)," CARF F-Series CARF-F-453, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
    6. Hitoshi Matsushima, 2015. "Implementation, Verification, and Detection," CIRJE F-Series CIRJE-F-991, CIRJE, Faculty of Economics, University of Tokyo.
    7. Matsushima, Hitoshi, 2008. "Behavioral aspects of implementation theory," Economics Letters, Elsevier, vol. 100(1), pages 161-164, July.
    8. Hitoshi Matsushima, 2021. "Partial ex-post verifiability and unique implementation of social choice functions," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 56(3), pages 549-567, April.
    9. Ronen Gradwohl, 2018. "Privacy in implementation," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 50(3), pages 547-580, March.
    10. Lombardi, Michele & Yoshihara, Naoki, 2013. "Natural implementation with partially honest agents in economic environments," MPRA Paper 48294, University Library of Munich, Germany.
    11. Michele Lombardi & Yoshihara Naoki, 2014. "Natural implementation with partially-honest agents in economic environments with free-disposal," UMASS Amherst Economics Working Papers 2014-09, University of Massachusetts Amherst, Department of Economics.
    12. Bierbrauer, Felix & Netzer, Nick, 2016. "Mechanism design and intentions," Journal of Economic Theory, Elsevier, vol. 163(C), pages 557-603.
    13. Matsushima, Hitoshi, 2008. "Role of honesty in full implementation," Journal of Economic Theory, Elsevier, vol. 139(1), pages 353-359, March.
    14. Michele Lombardi & Naoki Yoshihara, 2017. "Natural implementation with semi-responsible agents in pure exchange economies," International Journal of Game Theory, Springer;Game Theory Society, vol. 46(4), pages 1015-1036, November.
    15. Kartik, Navin & Tercieux, Olivier & Holden, Richard, 2014. "Simple mechanisms and preferences for honesty," Games and Economic Behavior, Elsevier, vol. 83(C), pages 284-290.
    16. Lombardi, Michele & Yoshihara, Naoki, 2011. "Partially-honest Nash implementation: Characterization results," MPRA Paper 28838, University Library of Munich, Germany.
    17. Hitoshi Matsushima, 2004. "Non-Consequential Moral Preferences, Detail-Free Implementation, and Representative Systems," CIRJE F-Series CIRJE-F-304, CIRJE, Faculty of Economics, University of Tokyo.
    18. Ronen Gradwohl, 2013. "Privacy in Implementation," Discussion Papers 1561, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    19. Roberto Serrano, 2003. "The Theory of Implementation of Social Choice Rules," Working Papers 2003-19, Brown University, Department of Economics.
    20. Hitoshi Matsushima, 2004. "Non-Consequential Moral Preferences, Detail-Free Implementation, and Representative Systems ( Revised as CARF-F-062(2006) )," CARF F-Series CARF-F-015, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:tky:fseres:2008cf598. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CIRJE administrative office (email available below). General contact details of provider: https://edirc.repec.org/data/ritokjp.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.