Showing 1 - 10 of 1,666
We study the design of mechanisms that implement Lindahl or Walrasian allocations and whose Nash equilibria are … dynamically stable for a wide class of adaptive dynamics. We argue that supermodularity is not a desirable stability criterion in … this mechanism design context, focusing instead on contractive mechanisms. We provide necessary and sufficient conditions …
Persistent link: https://www.econbiz.de/10011689095
mechanisms that are robust to bounded rationality. This approach is a tool for constructing supermodular mechanisms, i ….e. mechanisms that induce games with strategic complementarities. In quasilinear environments, I prove that if a social choice … interval among all supermodular mechanisms. This is followed by conditions for supermodular implementability in unique …
Persistent link: https://www.econbiz.de/10011695244
as full implementation, strong budget balance and individual rationality for both users and the planner. We then modify …
Persistent link: https://www.econbiz.de/10012607393
-- Mechanism design ; implementation ; stability ; learning …
Persistent link: https://www.econbiz.de/10009663606
Persistent link: https://www.econbiz.de/10000111835
Persistent link: https://www.econbiz.de/10000111836
Persistent link: https://www.econbiz.de/10003712647
Persistent link: https://www.econbiz.de/10000109157
Persistent link: https://www.econbiz.de/10003938050
Persistent link: https://www.econbiz.de/10010399843