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Almost-dominant Strategy Implementation
Schummer, James - 1999
Though some economic environments provide allocation rules that are implementable in dominant strategies (strategy-proof), a significant number of environments yield impossibility results. On the other hand, while there are quite general possibility results regarding implementation in Nash or...
Persistent link: https://www.econbiz.de/10012236090
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Almost-dominant Strategy Implementation
Schummer, James - Center for Mathematical Studies in Economics and … - 1999
Though some economic environments provide allocation rules that are implementable in dominant strategies (strategy-proof), a significant number of environments yield impossibility results. On the other hand, while there are quite general possibility results regarding implementation in Nash or...
Persistent link: https://www.econbiz.de/10005588386
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Liberal egalitarianism and the harm principle
Lombardi, Michele; Veneziani, Roberto - 2009
This paper analyses Rawls's celebrated difference principle, and its lexicographic extension, in societies with a finite and an infinite number of agents. A unified framework of analysis is set up, which allows one to characterise Rawlsian egalitarian principles by means of a weaker version of a...
Persistent link: https://www.econbiz.de/10010280735
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On the leximin and utilitarian overtaking criteria with extended anonymity
Kamaga, Kohei; Kojima, Takashi - Center for Intergenerational Studies, Institute of … - 2008
This paper studies the extensions of the infinte-horizon variants of the leximin principle and utilitarianism on the …-continuity (or Consistency) and the extended anonymity axiom called Q-Anonymity. We formulate new extended leximin and utilitarian … social welfare relations (SWRs), called Q-W-leximin SWR and Q-overtaking criterion respectively, and show that Weak …
Persistent link: https://www.econbiz.de/10005018203
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Liberal Egalitarianism and the Harm Principle
Lombardi, Michele; Veneziani, Roberto - School of Economics and Finance, Queen Mary - 2009
This paper analyses Rawls's celebrated difference principle, and its lexicographic extension, in societies with a finite and an infinite number of agents. A unified framework of analysis is set up, which allows one to characterise Rawlsian egalitarian principles by means of a weaker version of a...
Persistent link: https://www.econbiz.de/10004998428
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Liberal Egalitarianism and the Harm Principle
Lombardi, Michele; Veneziani, Roberto - Institute of Economic Research, Hitotsubashi University - 2009
This paper analyses Rawls's celebrated difference principle, and its lexicographic extension, in societies with a finite and an infinite number of agents. A unified framework of analysis is set up, which allows one to characterise Rawlsian egalitarian principles by means of a weaker version of a...
Persistent link: https://www.econbiz.de/10008566297
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Margin trading bans in experimental asset markets
Füllbrunn, Sascha; Neugebauer, Tibor - 2012
In financial markets, professional traders leverage their trades because it allows to trade larger positions with less margin. Violating margin requirements, however, triggers a margin call and open positions are automatically covered until requirements are met again. What impact does margin...
Persistent link: https://www.econbiz.de/10010291801
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Are groups more rational, more competitive or more prosocial bargainers?
Vollstädt, Ulrike; Böhm, Robert - 2012
In reality, it is often groups rather than individuals that make decisions. In previous experiments, groups have frequently been shown to act differently from individuals in several ways. It has been claimed that inter-group interactions may be (1) more competitive, (2) more rational, or (3)...
Persistent link: https://www.econbiz.de/10010291828
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Democratization and the size of government: Evidence from the long 19th century
Aidt, Toke; Jensen, Peter S. - 2013
We study the consequences of franchise extension and ballot reform for the size of government in Western Europe between 1820 and 1913. We find that franchise extension exhibits a U-shaped association with revenue per capita and a positive association with spending per capita. Instrumental...
Persistent link: https://www.econbiz.de/10010291879
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Renegotiation-proof mechanism design
Neeman, Zvika; Pavlov, Gregory - 2010
We study a mechanism design problem under the assumption that renegotiation cannot be prevented. We investigate what kind of equilibria of which mechanisms are renegotiation-proof under a variety of renegotiation procedures, and which social choice functions can be implemented in a way that is...
Persistent link: https://www.econbiz.de/10010291988