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We implement a family of efficient proposals to share benefits generated in environments with externalities. These proposals extend the Shapley value to games with externalities and are parametrized through the method by which the externalities are averaged. We construct two slightly different...
Persistent link: https://www.econbiz.de/10005823915
address the problem of reaching a decision, we propose a one-stage multi-bidding mechanism where agents compete for the …
Persistent link: https://www.econbiz.de/10005572266
suggest a bidding mechanism whereby agents bid for the right to decide upon the organization of the economic activity. The …
Persistent link: https://www.econbiz.de/10005247858