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? Suppose a manager's evaluation is private information. Justifying her evaluation is costly but limits the principal's scope … for distorting her evaluation of the employee. I show that the manager justifies her evaluation if and only if the … employee's performance was poor. The justification assures the employee that the manager has not distorted the evaluation …
Persistent link: https://www.econbiz.de/10011930440
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psychological perspective, a major precondition for the implementation of reforms is the loss of the status quo as an available …
Persistent link: https://www.econbiz.de/10013428315
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This paper studies allocations that can be implemented by an arbitrator subject to the constraint that the agents' outside option is to start bargaining by themselves. As the population becomes large, the set of implementable allocations shrinks to a singleton point - the conflict-free...
Persistent link: https://www.econbiz.de/10012502988
constraint in implementation and all incentive compatible social choice functions are Bayesian implementable. In contrast to the …
Persistent link: https://www.econbiz.de/10012503049
We derive a necessary and a sufficient condition for Nash implementation with a procedurally fair mechanism. Our result …
Persistent link: https://www.econbiz.de/10012503061
Often preferences of agents are such that any sensible goal of the collective must admit a tie between all alternatives. The standard formulation in mechanism design demand that in this case all alternatives are equilibrium outcomes of the social choice mechanism. However, as far as the idea of...
Persistent link: https://www.econbiz.de/10012503063
questions of implementation theory under complete information in a setting with transfers, where farsighted coalitions are … for implementation in general, we show that every monotonic social choice rule can be implemented. These findings imply …
Persistent link: https://www.econbiz.de/10012503093
study re-examines the questions of implementation theory in a setting where players’ choice behavior need not be rational …
Persistent link: https://www.econbiz.de/10012503094