Narrow search
Showing 1 - 10 of 2,435
Cover Image
Can communication mitigate strategic delays in investment timing?
Mermer, Ayse; Onderstal, Sander; Sonnemans, Joep - 2023
In economic environments, decision-makers can strategically delay irreversible investments to learn from the actions of others. This creates free-riding incentives and can lead to socially suboptimal outcomes. We experimentally examine if and how communication mitigates this free-riding problem...
Persistent link: https://www.econbiz.de/10014299600
Cover Image
A full characterization of all deterministic dominant strategy incentive compatible, ex-post individually rational, and ex-post budget balanced direct mechanisms in the public good...
Kuzmics, Christoph - 2014
In this note I give a full characterization of all deterministic direct mechanisms in the public good provision problem with independent private values that are dominant strategy incentive compatible, ex-post individually rational, and ex-post budget balanced.
Persistent link: https://www.econbiz.de/10010337703
Cover Image
On public good provision mechanisms with dominant strategies and balanced budget
Kuzmics, Christoph; Steg, Jan-Henrik - 2016
be of a threshold form, in which there is a fixed threshold for each agent such that the public good is not provided if … there is an agent with a value below her threshold and is provided if all agents' values exceed their respective threshold …. There are mechanism that are DSIC, EPIR, and EPBB that are not of the threshold form. Mechanisms that maximize welfare …
Persistent link: https://www.econbiz.de/10011435962
Cover Image
The intricacy of adapting to climate change : flood protection as a local public goods game
Bondarev, Anton; Hintermann, Beat; Krysiak, Frank C.; … - 2017
We study adaptation to climate change in a federalist setting. To protect themselves against an increase in flood risk, regional governments choose among adaptation measures that vary with respect to their costs, the level of protection they offer, and the presence and nature of spillovers to...
Persistent link: https://www.econbiz.de/10011616351
Cover Image
Collective decision through an informed mediator
Li, Yunan; Zhang, Xingtan - In: Journal of economic theory : JET 218 (2024), pp. 1-17
Persistent link: https://www.econbiz.de/10015070795
Cover Image
Why voting? : a welfare analysis ; conference paper
Drexl, Moritz; Kleiner, Andreas - 2013 - This version: July 2013
Which decision rule should we use to make a binary collective choice? While voting procedures are applied ubiquitously, they are criticized for being inefficient. Using monetary transfers, efficient choices can be made at the cost of a budget imbalance. Is it optimal to do so? And why are...
Persistent link: https://www.econbiz.de/10010342115
Cover Image
Valuable cheap talk and equilibrium selection
Jamison, Julian C. - 2012 - This version: January 11, 2012
Intuitively, we expect that players who are allowed to engage in costless communication before playing a game would be foolish to agree on an inefficient equilibrium. At the same time, however, such preplay communication has been suggested as a rationale for expecting Nash equilibrium in...
Persistent link: https://www.econbiz.de/10009511713
Cover Image
Level-k mechanism design
De Clippel, Geoffroy; Saran, Rene; Serrano, Roberto - 2016 - This version: July 2016
Models of choice where agents see others as less sophisticated than themselves have significantly different, sometimes more accurate, predictions in games than does Nash equilibrium. When it comes to mechanism design, however, they turn out to have surprisingly similar implications. This paper...
Persistent link: https://www.econbiz.de/10011515723
Cover Image
Efficiency, welfare, and political competition
Bierbrauer, Felix; Boyer, Pierre C. - 2014
We study political competition in an environment in which voters have private information about their preferences. Our framework covers models of income taxation, public-goods provision or publicly provided private goods. Politicians are vote-share-maximizers. They can propose any policy that is...
Persistent link: https://www.econbiz.de/10010358277
Cover Image
Truth or efficiency? Communication in a sequential public good game
Serra-Garcia, Marta (contributor);  … - 2008
Persistent link: https://www.econbiz.de/10003807183