investigates this specific tradeoff and identifies an allocation rule that is individually rational, equilibrium selecting, and … domain, the identified rule is the equilibrium selecting rule that transfers the maximum number of ownerships from the public …

equilibrium due to Anesi and Seidmann, 2015. We then use this existence result to show that if a weak gradient restriction holds … independence condition holds at almost all alternatives, and equilibrium absorbing sets are dense in the set of alternatives. This …

concluding a new contract in the present. Also, GEI-equilibrium is described as (ii) applied to all states of the world. This …

. The theory of the fixed point index is used to show that stationary equilibrium expected payoffs of this coalitional …

two alternatives (e.g., Myerson (1998)). We show that there always exists an efficient equilibrium under the simple … alternatives and the condition under which they exist. There is only one type of inefficient equilibrium with two alternatives. In … this equilibrium, voters vote unresponsively because they all vote for the same alternative. Under the same condition, the …