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Agents are farsighted when they consider the ultimate consequences of their actions. We re-examine the classical questions of implementation theory under complete information in a setting with transfers, where farsighted coalitions are considered fundamental behavioral units, and the equilibrium...
Persistent link: https://www.econbiz.de/10012503093
Choice behavior is rational if it is based on the maximization of some context-independent preference relation. This study re-examines the questions of implementation theory in a setting where players’ choice behavior need not be rational and coalition formation must be taken into account. Our...
Persistent link: https://www.econbiz.de/10012503094
Rotation programs are widely used in societies. Some examples are job rotations, rotation schemes in the management of common-pool resources, and rotation procedures in fair division problems. We study rotation programs via the implementation of Pareto efficient social choice rules under...
Persistent link: https://www.econbiz.de/10012605973
We study rotation programs within the standard implementation framework under complete information. A rotation program is a myopic stable set whose states are arranged circularly, and agents can effectively move only between two consecutive states. We provide characterizing conditions for the...
Persistent link: https://www.econbiz.de/10013394373
Persistent link: https://www.econbiz.de/10014426100
A choice behavior is rational if it is made in accordance with the maximization of some context-independent preference relation. This paper re-examines the classical questions of implementation theory under complete information in a setting in which players' choices need not be rational and in...
Persistent link: https://www.econbiz.de/10012827760
In this paper, we re-examine the classical questions of implementation theory under complete information in a setting where coalitions are the fundamental behavioral units and the outcomes of their interactions are predicted by applying the solution concept of the core. The planner's exercise...
Persistent link: https://www.econbiz.de/10012896398
Implementation of a solution can be thought of as a way to design power distribution in a society such that for each admissible preference profile, the set of equilibrium outcomes coincides with the set of outcomes that the solution would select for it. By using the notion of a rights structure...
Persistent link: https://www.econbiz.de/10012913468
We study rotation programs within the standard implementation framework under complete information. A rotation program is a myopic stable set whose states are arranged circularly, and agents can effectively move only between two consecutive states. We provide characterizing conditions for the...
Persistent link: https://www.econbiz.de/10012792917
Persistent link: https://www.econbiz.de/10012430240