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By introducing physical outcomes in coalitional games we note that coalitional games and social choice problems are equivalent (implying that so are the theory of implementation and the Nash program). This clarifies some misunderstandings (in regrad to invariance and randomness), sometimes found...
Persistent link: https://www.econbiz.de/10005357964
We introduce a game form that captures a noncooperative dimention of the consistency property of bankruptcy rules. Any consistent and monotonic rule is fully characterized by a bilateral principle and consistency. Like the consistency axiom, our game form, together with the bilateral principle,...
Persistent link: https://www.econbiz.de/10005146798
information among the tax payers, each agent reports the incomes of all players to a central agency, and implementation of every … theory. Partial departures from complete information still allow for implementability. However, under fully private … information implementation is not possible. …
Persistent link: https://www.econbiz.de/10005146796