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of solutions using monotonicity properties. Finally, we provide a non-cooperative implementation for these solutions …
Persistent link: https://www.econbiz.de/10011372987
characterizes the corresponding delta-discounted Shapley value. Moreover, we provide a strategic implementation of these solutions …
Persistent link: https://www.econbiz.de/10011380928
In most implementation frameworks, agents care only about the outcome and not at all about the way in which it was … obtained. Additionally, typical mechanisms for full implementation involve the complete revelation of all private information … to the planner. In this paper I consider the problem of full implementation with agents who may prefer to protect their …
Persistent link: https://www.econbiz.de/10009718302
Persistent link: https://www.econbiz.de/10009722639
Complementary to the axiomatic and mechanism design studies on queueing problems, this paper proposes a strategic bargaining approach to resolve queueing conflicts. Given a situation where players with different waiting costs have to form a queue in order to be served, they firstly compete with...
Persistent link: https://www.econbiz.de/10010238945
rationalizable implementation. Set-monotonicity is much weaker than Maskin monotonicity, which is the key condition for Nash … implementation and which also had been shown to be necessary for rationalizable implementation of social choice functions. Set …-monotonicity reduces to Maskin monotonicity in the case of functions. We conclude that the conditions for rationalizable implementation are …
Persistent link: https://www.econbiz.de/10011483605
interpreted as a mechanism theoretical implementation of the Nash solution. Our results in the present paper provide exact non … of the above mentioned support results, including our present ones, with mechanism theoretic implementation in (weakly … implementation can hardly be found except in very rare cases of extremely restricted domains of players' preferences. …
Persistent link: https://www.econbiz.de/10011412680
Despite the wide variety of agendas used in legislative settings, the literature on sophisticated voting has focused on two formats, the so-called Euro-Latin and Anglo-American agendas. In the current paper, I introduce a broad class of agendas whose defining structural features,...
Persistent link: https://www.econbiz.de/10012415641
We study decentralized task coordination. Tasks are of varying complexity and agents asymmetric: agents capable of completing high-level tasks may also take on tasks originally contracted by lower-level agents, facilitating system-wide cost reductions. We suggest a family of decentralized...
Persistent link: https://www.econbiz.de/10012299210
equilibrium. Finally, I provide a revelation principle for supermodular implementation in environments with general preferences. …
Persistent link: https://www.econbiz.de/10011695244