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schemes in order to influence the government's choice on the level of provision of public goods. Using perfectly coalition …
Persistent link: https://www.econbiz.de/10014219141
The paper studies when efficient allocations are implementable via coalition-proof mechanisms. When ambiguous … implementable via interim coalition incentive compatible mechanisms if and only if the prior distribution of agents’ types satisfies … the Coalition Beliefs Determine Preferences (CBDP) property. When the CBDP property holds, these mechanisms can be …
Persistent link: https://www.econbiz.de/10013242607
We consider a standard coalitional bargaining game where once a coalition forms it exits as in Okada (2011), however … chosen with equal probability. If that is the case, she can choose any coalition she belongs to. However, a coalition can …
Persistent link: https://www.econbiz.de/10011296159
bargaining solution, for games where the worth of all pairwise coalition is less than a third of the grand coalition value; the … Shapley value, for games where the sum of the value created by all pairwise coalitions is greater than the grand coalition … value; or the nucleolus, for games where only the 'natural coalition' among two 'natural partners' creates significant value …
Persistent link: https://www.econbiz.de/10014035050
. In particular, it is equivalent to the set of perfectly coalition-proof Nash equilibria (Bernheim, Peleg, and Whinston …
Persistent link: https://www.econbiz.de/10011694996
schemes in order to influence the government's choice on the level of provision of public goods. Using perfectly coalition …
Persistent link: https://www.econbiz.de/10010270938
We consider the problem where agents bargain over their shares of a perfectly divisible commodity. The aim of this paper is to identify the class of bargaining solutions induced by dominant strategy implementable allocation rules. To this end, we characterize the class of dominant strategy...
Persistent link: https://www.econbiz.de/10014041039
We consider a standard coalitional bargaining game where once a coalition forms it exits as in Okada (2011), however … chosen with equal probability. If that is the case, she can choose any coalition she belongs to. However, a coalition can …
Persistent link: https://www.econbiz.de/10013019277
We provide a new interpretation of the Nash solution, using fictitious play. We show that the Nash demand game has the fictitious play property almost everywhere, and present two initial demand games which exactly and approximately implement the Nash solution. Thanks to the exact implementation...
Persistent link: https://www.econbiz.de/10013239497
Car owners are liable for property damage inflicted on other motorists. In most countries such liability must be insured by law. That law may favor expensive or heavy vehicles, prone to suffer or inflict large losses. This paper explores links between liability rules and vehicle choice. It...
Persistent link: https://www.econbiz.de/10003965107