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inefficiency. We analyze an exogenous linking mechanism suggested by Jackson and Sonnenschein (2007) as well as repeated … mechanism captures nearly all achievable efficiency gains, whereas repeated interaction leads to significant gains in truthful …
Persistent link: https://www.econbiz.de/10010299751
Since the first publication by Glaser and Strauss in 1967, Grounded Theory has become a highly influential research approach in the social sciences. The approach provides techniques and coding strategies for building theory inductively from the “ground up” as concepts within the data earn...
Persistent link: https://www.econbiz.de/10012043112
This paper studies the problem of information revelation in a multi-stage tournament where the agents' effort in each stage gives rise to a stochastic performance signal privately observed by the principal. The principal controls the agents' effort incentive through the use of a feedback policy,...
Persistent link: https://www.econbiz.de/10010332399
receive from an outside source, or mechanism. This allows for more equilibrium outcomes than without such messages (pure … affect the types (correlated equilibrium) or because the players themselves report their types to the mechanism …
Persistent link: https://www.econbiz.de/10010336013
regime's information system, including the Trade Policy Review Mechanism as its latest and most institutionalised form, has … countries' participation in the mechanism to outline several challenges that prevent the TPRM from fulfilling its stated …
Persistent link: https://www.econbiz.de/10012004281
Persistent link: https://www.econbiz.de/10014590604
priori unknown. The analysis is based on a mechanism design approach that imposes a requirement of robustness with respect to …
Persistent link: https://www.econbiz.de/10010266057
The literature on public goods has shown that efficient outcomes are impossible if participation constraints have to be respected. This paper addresses the question whether they should be imposed. It asks under what conditions efficiency considerations justify that individuals are forced to pay...
Persistent link: https://www.econbiz.de/10010266972
public goods preferences. A mechanism design approach is used to establish the following result: If policies are required to …
Persistent link: https://www.econbiz.de/10010266981
preferences for public goods. A mechanism design approach is used to characterize implementable tax and expenditure policies. A …
Persistent link: https://www.econbiz.de/10010266987