Showing 1 - 10 of 13
We provide axiomatic characterizations of two natural families of rules for aggregating equivalence relations: the family of join aggregators and the family of meet aggregators. The central conditions in these characterizations are two separability axioms. Disjunctive separability, neutrality,...
Persistent link: https://www.econbiz.de/10008616898
For the class of tree games, a new solution called the average tree solution has been proposed recently. We provide a characterization of this solution. This characterization underlines an important difference, in terms of symmetric treatment of the agents, between the average tree solution and...
Persistent link: https://www.econbiz.de/10008616900
We consider dominant strategy implementation in private values settings, when agents have multi-dimensional types, the set of alternatives is finite, monetary transfers are allowed, and agents have quasi-linear utilities. We show that any implementable and neutral social choice function must be...
Persistent link: https://www.econbiz.de/10008616903
We study mechanism design in a setting where agents know their types but are uncertain about the utility from any alternative. The lnal realized utility of each agent is observed by the principal and can be contracted upon. In such environments, the principal is not restricted to using only...
Persistent link: https://www.econbiz.de/10010860107
We study deterministic single object auctions in private values environments. We show that a deterministic allocation rule is implementable (in dominant strategies) if and only if it is a generalized utility maximizer. With a mild continuity condition, we show that a deterministic allocation...
Persistent link: https://www.econbiz.de/10010706353
We study mechanism design in quasi-linear environments when there are two alternatives. We show that under a mild range condition, every implementable deterministic allocation rule is a generalized utility function maximizer. In unbounded domains, if we replace our range condition by an...
Persistent link: https://www.econbiz.de/10010706361
We consider implementation of a deterministic allocation rule using transfers in quasi-linear private values environments. We show that if the type space is a multidimensional domain satisfying some ordinal restrictions, then an allocation rule is implementable in such a domain if and only if it...
Persistent link: https://www.econbiz.de/10010706362
We consider the problem of choosing a partition of a set of objects by a set of agents. The private information of each agent is a strict ordering over the set of partitions of the objects. A social choice function chooses a partition given the reported preferences of the agents. We impose a...
Persistent link: https://www.econbiz.de/10010535470
We consider deterministic dominant strategy implementation in multidimensional dichotomous domains in private values and quasi-linear utility setting. In such multidimensional domains, an agent's type is characterized by a single number, the value of the agent, and a non-empty subset of...
Persistent link: https://www.econbiz.de/10010535471
We study an economy where a collection of indivisible goods are sold to a set of buyers who want to buy at most one good. We characterize the set of Walrasian equilibrium price vectors in such an economy using sets of overdemanded and underdemanded goods. Further, we give characterizations for...
Persistent link: https://www.econbiz.de/10004979288