Construct · 1 fields · 1 citations

Maskin monotonicity: a standalone construct

One name. One construct. A landmark on the map.

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Market design

the condition that a social choice rule must satisfy to be carried out in Nash equilibrium: an outcome stays chosen when it rises in everyone's ranking.

In market design, Maskin monotonicity refers to the condition that a social choice rule must satisfy to be carried out in Nash equilibrium: an outcome stays chosen when it rises in everyone's ranking. This meaning comes from Maskin (1999) in Review of Economic Studies.[1]

Unit
Recovery means
Measured by

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Nearby constructs

condition2 fields · 2 citationsjingle · one word, two constructs equilibrium4 fields · 4 citationsjingle · one word, four constructs market design1 fields · 1 citationsanchor · a standalone construct

References

Maskin, E. (1999). Nash Equilibrium and Welfare Optimality. Review of Economic Studies, 66(1), 23-38. https://doi.org/10.1111/1467-937x.00076

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