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We discuss a problem concerning Dasgupta, Hammond, and Maskin''s (1979) definition of a rich domain and a very well-known result they established for these domains: on rich domains, if a social choice function is implementable in Nash strategies, then it is truthfully implementable in dominant...
Persistent link: https://www.econbiz.de/10011201989
Abstract We consider multiple-type housing markets. To capture the dynamic aspect of trade in such markets, we study a dynamic recontracting process similar to the one introduced by Serrano and Volij (2008). First, we analyze the set of recurrent classes of this process as a (non-empty) solution...
Persistent link: https://www.econbiz.de/10008870879
We consider multiple-type housing markets. To capture the dynamic aspect of trade in such markets, we study a dynamic recontracting process similar to the one introduced by Serrano and Volij (2008). First, we analyze the set of recurrent classes of this process as a (non-empty) solution concept....
Persistent link: https://www.econbiz.de/10008609830
The Muller–Satterthwaite Theorem (J Econ Theory 14:412–418, <CitationRef CitationID="CR13">1977</CitationRef>) establishes the equivalence between Maskin monotonicity and strategy-proofness, two cornerstone conditions for the decentralization of social choice rules. We consider a general model that covers public goods economies as in...</citationref>
Persistent link: https://www.econbiz.de/10010998927
The Muller-Satterthwaite Theorem (Muller and Satterthwaite, 1977) establishes the equivalence between Maskin monotonicity and strategy-proofness, two cornerstone conditions for the decentralization of social choice rules. We consider a general model that covers public goods economies as in...
Persistent link: https://www.econbiz.de/10008546763
We consider multiple-type housing markets. To capture the dynamic aspect of trade in such markets, we study a dynamic recontracting process similar to the one introduced by Serrano and Volij (2005). First, we analyze the set of recurrent classes of this process as a (non-empty) solution concept....
Persistent link: https://www.econbiz.de/10005209920
We discuss a problem concerning Dasgupta, Hammond, and Maskin''s (1979) definition of a rich domain and a very well-known result they established for these domains: on rich domains, if a social choice function is implementable in Nash strategies, then it is truthfully implementable in dominant...
Persistent link: https://www.econbiz.de/10005209934
Persistent link: https://www.econbiz.de/10009306481
Persistent link: https://www.econbiz.de/10009696140
Persistent link: https://www.econbiz.de/10003991134