Showing 1 - 10 of 521
We introduce intention-based social preferences into a Bayesian mechanism design framework. We first show that, under common knowledge of social preferences, any tension between material efficiency, incentive compatibility, and voluntary participation can be resolved. Hence, famous impossibility...
Persistent link: https://www.econbiz.de/10010316927
We introduce intention-based social preferences into a mechanism design framework with independent private values and quasilinear payoffs. For the case where the designer has no information about the intensity of social preferences, we provide conditions under which mechanisms which have been...
Persistent link: https://www.econbiz.de/10010354632
A controversy has been simmering in law for at least 30 years about whether pro bono work should be mandatory for lawyers, who now donate 1-3% of their time to the poor. This has centered on the unmet legal needs of the poor, the duty of lawyers, and the contrast with US doctors, who are...
Persistent link: https://www.econbiz.de/10010383298
We introduce intention-based social preferences into mechanism design. We explore information structures that dier with respect to what is commonly known about the weight that agents attach to reciprocal kindness. When the designer has no information on reciprocity types, implementability of an...
Persistent link: https://www.econbiz.de/10011444226
A robust nding of repeated public goods experiments is that high initialcontribution rates sharply decline towards the end. This paper reports onan exploratory experiment designed to discover whether such a decline is simply triggered by the usual experimental practice of publicly informing...
Persistent link: https://www.econbiz.de/10005866812
We adopt an evolutionary approach to investigate whether and when condi-tional cooperation can explain the voluntary … evolu-tionary stability of conditional cooperation depends on what is known aboutthe (individual) regret parameters of other …
Persistent link: https://www.econbiz.de/10005867002
Persistent link: https://www.econbiz.de/10003807183
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
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
Consider a mechanism for the binary public good provision problem that is dominant strategy incentive compatible (DSIC), ex-post individually rational (EPIR), and ex-post budget balanced (EPBB). Suppose this mechanism has the additional property that the utility from participating in the...
Persistent link: https://www.econbiz.de/10011435962