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Numerous simple proofs of the celebrated Gibbard-Satterthwaite theorem (Gibbard, 1977, Satterthwaite, 1975) has been given in the literature. These are based on a number of different intuitions about the most fundamental reason for the result. In this paper we derive the Gibbard-Satterthwaite...
Persistent link: https://www.econbiz.de/10012503028
In school choice problems, the widely used manipulable Immediate Acceptance mechanism (IA) disadvantages unsophisticated applicants, but may ex-ante Pareto dominate any strategy-proof alternative. In these cases, it may be preferable to aid applicants within IA, rather than to abandon it. In a...
Persistent link: https://www.econbiz.de/10013191426
Agents are farsighted when they consider the ultimate consequences of their actions. We re-examine the classical questions of implementation theory under complete information in a setting with transfers, where farsighted coalitions are considered fundamental behavioral units, and the equilibrium...
Persistent link: https://www.econbiz.de/10012503093
empirically that both mechanisms perform poorly with regard to two key desiderata such as efficiency and equality, even in large …
Persistent link: https://www.econbiz.de/10013411288
efficiency. If objects may be unacceptable, strategy-proofness and envy-freeness are jointly incompatible even with ex-post weak …
Persistent link: https://www.econbiz.de/10013191476
Behavioral implementation studies implementation when agents' choices need not be rational. All existing papers of this literature, however, fail to handle a large class of choice behaviors because they rely on a well-known condition called Unanimity. This condition says, roughly speaking, that...
Persistent link: https://www.econbiz.de/10014551784
We study rotation programs within the standard implementation framework under complete information. A rotation program is a myopic stable set whose states are arranged circularly, and agents can effectively move only between two consecutive states. We provide characterizing conditions for the...
Persistent link: https://www.econbiz.de/10013394373
The paper analyzes the appointment of the European Commission as a strategic game between members of the European Parliament and the Council. The focal equilibrium results in Commissioners that duplicate policy preferences of national Council representatives. Different internal decision rules...
Persistent link: https://www.econbiz.de/10012502960
The Borda Count (BC) is a positional voting procedure fairly often applied in nonpolitical choice settings. It has a usual mixture of good and bad theoretical properties. It is monotonic and consistent and excludes the election of an eventual Condorcet loser. It, however, does not necessarily...
Persistent link: https://www.econbiz.de/10012502969
This paper deals with the voting rules in the EU Council. Both internal and external impact of the voting rules are evaluated. Internal impact affects the distribution of power among the member states and external impact affects power relations between the main decision-making bodies in the EU....
Persistent link: https://www.econbiz.de/10012502980