commonly known. We investigate an auction mechanism where the auctioneer provides the good to the group with the highest sum of …

possible. To implement a given SCF we propose a one-sided mechanism that endogenously creates private information for the … mechanism all collusive side-bargaining fails, similar to the trade failure in Akerlof's (1970) car market and in models of …

’s gain does not compensate the loss suffered by the minority. In this paper we propose and study a simple mechanism that … mechanism voters report a bid for all the available projects. Standardization ensures the existence of equilibrium, and delivers … bids mechanism performed well in the laboratory as it chose the efficient project in almost three quarters of the cases …

. We consider not only the pivotal mechanism, the majority voting mechanism, the random serial dictatorship mechanism, and … the unanimity mechanism, but also the random chair pivotal mechanism (Faltings 2005), which is a probabilistic variant of … the pivotal mechanism. We first show that the random chair pivotal mechanism, the majority voting mechanism, the random …