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We analyze the implications of Nash’s (Econometrica 18:155–162, <CitationRef CitationID="CR7">1950</CitationRef>) axioms in ordinal bargaining environments; there, the scale invariance axiom needs to be strenghtened to take into account all order-preserving transformations of the agents’ utilities. This axiom, called ordinal...</citationref>
Persistent link: https://www.econbiz.de/10010994702
To allocate central government funds among regional development agencies, we look for mechanisms that satisfy three important criteria: efficiency, (individual and coalitional) strategy proofness (a.k.a. dominant strategy incentive compatibility), and fairness. We show that only a uniform...
Persistent link: https://www.econbiz.de/10010994713