Showing 1 - 10 of 115
We study dominant strategy incentive compatible (DIC) and deterministic mechanisms in a social choice setting with several alternatives. The agents are privately informed about their preferences, and have single-crossing utility functions. Monetary transfers are not feasible. We use an...
Persistent link: https://www.econbiz.de/10010850110
We consider the standard mechanism design environment with linear utility but without monetary transfers. We first establish an equivalence between deterministic, dominant strategy incentive compatible mechanisms and generalized median voter schemes. We then use this equivalence to construct the...
Persistent link: https://www.econbiz.de/10010850121
We study the optimal design of organizations under the assumption that agents in a contest care about their relative position. A judicious de?nition of status categories can be used by a principal in order to in?uence the agents?performance. We first consider a pure status case where there are...
Persistent link: https://www.econbiz.de/10011272245
Persistent link: https://www.econbiz.de/10005248602
We study two-sided markets with a finite number of agents on each side, and with two-sided incomplete information. Agents are matched assortatively on the basis of costly signals. Asymmetries in signalling activity between the two sides of the market can be explained by asymmetries either in...
Persistent link: https://www.econbiz.de/10005251258
Persistent link: https://www.econbiz.de/10005307728
The consumption of an indivisible good causes identity-dependent externalities to non-consumers. We analyse resale markets where the current owner designs the trading procedure, but cannot commit to future actions. We ask the following questions. (1) Does the identity of the initial owner matter...
Persistent link: https://www.econbiz.de/10005312734
Persistent link: https://www.econbiz.de/10005359188
Persistent link: https://www.econbiz.de/10005359360
Persistent link: https://www.econbiz.de/10005359451