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Consider a social choice correspondence as a mapping from preference profiles to lotteries over some finite set of alternatives. A virtually implementable social choice function in Nash equilibrium is defined, under mild domain restrictions it is shown that in societies with at least three...
Persistent link: https://www.econbiz.de/10005332931
We study strategic voting after weakening the notion of strategy-proofness to Ordinal Bayesian Incentive Compatibility (OBIC). Under OBIC, truth-telling is required to maximize the expected utility of every voter, expected utility being computed with respect to the voter's prior beliefs and...
Persistent link: https://www.econbiz.de/10005130115
The authors consider strategyproof social choice functions defined over product domains. If preferences are strict orderings and separable, then strategyproof social choice functions must be decomposable provided that the domain of preferences is rich. The authors provide several applications of...
Persistent link: https://www.econbiz.de/10005231444
We characterize dominant-strategy incentive compatibility with multidimensional types. A deterministic social choice function is dominant-strategy incentive compatible if and only if it is weakly monotone (W-Mon). The W-Mon requirement is the following: If changing one agent's type (while...
Persistent link: https://www.econbiz.de/10005231802