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implementation via mechanisms with implementation via rights structures as introduced by Sertel (Designing rights: invisible hand … provide in a socio-legal system based on Nash’s demand game an implementation of the Nash bargaining solution in Debreu …
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We consider the problem of implementing a social choice correspondence H in Nash equilibrium when the constitution of the society is given by an effectivity function E. It is assumed that the effectivity function of $ H,E^{H}$, is a sub-correspondence of E. We found necessary and efficient...
Persistent link: https://www.econbiz.de/10005596590
In this paper, we consider the implementation of the optimal procurement auction outcome when there is a trade …
Persistent link: https://www.econbiz.de/10005596592
emerging behavior. We also investigate the subgame perfect implementation of pairwise stable and efficient networks. We …
Persistent link: https://www.econbiz.de/10005370563
implementation of the organization's objectives. We show that the introduction of a professional monitor (e.g. auditor, regulator …
Persistent link: https://www.econbiz.de/10005370566
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The purpose of this paper is to explore a mechanism for supporting desired equilibrium actions in a one-principal, multi-agent model when the principal makes a renegotiation offer. We show that there exists a mechanism in which the principal's most preferred mixed strategy is always supported.
Persistent link: https://www.econbiz.de/10005370595
implementation literature, have a natural structure closely related to that of the rationale underlying the bargaining sets …
Persistent link: https://www.econbiz.de/10005370627
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