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Captain MacWhirr's Problem Revisited

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  • Paul Schweinzer
  • Makoto Shimoji

Abstract

This note analyzes the problem Captain MacWhirr faces in Joseph Conrad’s novel Typhoon as an implementation problem under incomplete information. We identify a sufficient condition under which each player has a unique rationalizable strategy. In this unique rationalizable outcome, truthful revelation by each player is observed.

Suggested Citation

  • Paul Schweinzer & Makoto Shimoji, "undated". "Captain MacWhirr's Problem Revisited," Discussion Papers 11/12, Department of Economics, University of York.
    • Handle: RePEc:yor:yorken:11/12
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    References listed on IDEAS

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    1. Dirk Bergemann & Stephen Morris, 2012. "Robust Implementation in Direct Mechanisms," World Scientific Book Chapters, in: Robust Mechanism Design The Role of Private Information and Higher Order Beliefs, chapter 4, pages 153-194, World Scientific Publishing Co. Pte. Ltd..
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    3. , & , & ,, 2007. "Interim correlated rationalizability," Theoretical Economics, Econometric Society, vol. 2(1), pages 15-40, March.
    4. Saraydar, Edward, 1983. "Transaction Costs and the Solution to Captain MacWhirr's Problem," Journal of Political Economy, University of Chicago Press, vol. 91(2), pages 312-315, April.
    5. Elchanan Ben-Porath & Barton L. Lipman, 2009. "Implementation and Partial Provability," Boston University - Department of Economics - Working Papers Series wp2009-002, Boston University - Department of Economics.
    6. Battigalli, Pierpaolo, 2003. "Rationalizability in infinite, dynamic games with incomplete information," Research in Economics, Elsevier, vol. 57(1), pages 1-38, March.
    7. Mumy, Gene E, 1981. "A Superior Solution to Captain MacWhirr's Problem: An Illustration of Information Problems and Entitlement Structures," Journal of Political Economy, University of Chicago Press, vol. 89(5), pages 1039-1043, October.
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