Showing 1 - 4 of 4
Persistent link: https://www.econbiz.de/10001421783
It is shown that the Majoritarian Compromise of Sertel (1986) is subgame-perfect implementable on the domain of strict preference profiles, although it fails to be Maskin-monotonic and is hence not implementable in Nash equilibrium. The Majoritarian Compromise is Pareto-optimal and obeys SNIP...
Persistent link: https://www.econbiz.de/10005369490
Persistent link: https://www.econbiz.de/10006912891
It is shown that the Majoritarian Compromise of Sertel (1986) is subgame-perfect implementable on the domain of strict preference profiles, although it fails to be Maskin-monotonic and is hence not implementable in Nash equilibrium. The Majoritarian Compromise is Pareto-optimal and obeys SNIP...
Persistent link: https://www.econbiz.de/10014184242