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Allowing for incomplete information, this paper characterizes the social choice functions that can be approximated by the equilibrium outcomes of a mechanism: incentive compatibility is necessary and almost sufficient for virtual Bayesian implementability. In conjunction with a second condition,...
Persistent link: https://www.econbiz.de/10005702297
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We study the incentives of candidates to strategically affect the outcome of a voting procedure. We show that the outcomes of every nondictatorial voting procedure that satisfies unanimity will be affected by the incentives of noncontending candidates (i.e., who cannot win the election) to...
Persistent link: https://www.econbiz.de/10005332576
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