Showing 1 - 10 of 79
In a linear production model, we characterize the class of efficient and strategy-proof allocation functions, and the class of efficient and coalition strategy-proof allocation functions. In the former class, requiring equal treatment of equals allows us to identify a unique allocation function....
Persistent link: https://www.econbiz.de/10005370920
Which strategy-proof nonbossy mechanisms exist in a model with a finite number of indivisible goods (houses, jobs, positions) and a perfectly divisible good (money)? The main finding is that only a finite number of distributions of the divisible good is consistent with strategy-proofness and...
Persistent link: https://www.econbiz.de/10005371155
We consider both Nash and strong Nash implementation of various matching rules for college admissions problems. We show that all such rules are supersolutions of the stable rule. Among these rules the "lower bound" stable rule is implementable in both senses. The "upper bound" Pareto and...
Persistent link: https://www.econbiz.de/10005596703
The standard of living of an agent is viewed as her capability of achieving various functionings (Sen, 1985, 1987). The agent is thus characterized by her capability set that consists of different functioning vectors. The task of measuring the standard of living of the agent formally is...
Persistent link: https://www.econbiz.de/10005597872
All agents have the same ordinal ranking over all objects, receiving no object (opting out) may be preferable to some objects, agents differ on which objects are worse than opting out, and the latter information is private. The Probabilistic Serial assignment, improves upon (in the Pareto sense)...
Persistent link: https://www.econbiz.de/10005753157
We consider the problem of choosing one point in a set of alternatives when monetary transfers are possible. In this context, Schummer (2000) shows that a social choice function must be a constant function if manipulation through bribes is ruled out. But he requires two kinds of domain-richness...
Persistent link: https://www.econbiz.de/10005753351
The paper seeks to characterize what information is always available for contracting, independent of the form of the contract and the probabilities of different states of nature. The paper denotes such information as contractible. It is established that it is possible to speak uniquely of...
Persistent link: https://www.econbiz.de/10005371008
A mechanism coalitionally implements a social choice set if any outcome of the social choice set can be achieved as a coalitional Bayesian Nash equilibrium of a mechanism and vice versa. We say that a social choice set is coalitionally implementable if there is a mechanism which coalitionally...
Persistent link: https://www.econbiz.de/10005753202
In this paper, we establish the most possilbe general formulation of the technology governing carbon-gas emission, giving rise to global external diseconomies, and ty to explore into the strategic interactions,both domestic and international, when an individual country decides on the...
Persistent link: https://www.econbiz.de/10005155367
I construct a general model of social planning problems, including mixed production economies and regulatory problems with negative externalities as special cases, and I give simple mechanisms for Nash implementation under three increasingly general sets of assumptions. I first construct a...
Persistent link: https://www.econbiz.de/10005178720