Showing 1 - 10 of 1,556
This paper studies full implementation problems in (pure and mixed) Nash equilibrium in finite environments. We …-<I>D</I> inclusiveness, that together with set-monotonicity is sufficient for mixed Nash implementation with finite mechanisms in separable …
Persistent link: https://www.econbiz.de/10013100420
This paper analyzes collective outcomes in games from a revealed preference perspective. A collective choice function is rationalizable if there are such “rational” individual preferences, that the observed choices are the only equilibria. We consider a generalized concept of Nash...
Persistent link: https://www.econbiz.de/10012959403
establishes a condition which is both necessary and su¢cient for the partially-honest Nash implementation. If all individuals are …-honest Nash implementation of SCRs is examined in a variety of environments. …
Persistent link: https://www.econbiz.de/10011755972
In this paper we consider a model with multiple jurisdictions where each formed jurisdiction selects a public project from the given uni-dimensional set, equally shares its cost among its members and places the project at the location of its median resident. We examine a cooperative concept of...
Persistent link: https://www.econbiz.de/10012734644
We consider a (pure) public goods provision problem with voluntary participation in a quasi-linear economy. We propose a new hybrid solution concept, the free-riding-proof core (FRP-Core), which endogenously determines a contribution group, public goods provision level, and how to share the...
Persistent link: https://www.econbiz.de/10011694996
A competition authority has an objective, which specifies what output profile firms need to produce as a function of production costs. These costs change over time and are only known by the firms. The objective is implementable if inequilibrium, the firms cannot collude on their reports to the...
Persistent link: https://www.econbiz.de/10012602309
-proofness ; implementation theory …
Persistent link: https://www.econbiz.de/10009506479
This paper studies implementation problems in the wake of a recent trend of implementation of non … works by Matsushima (2008) and Dutta and Sen (2009), the paper considers implementation problems with partially … implementation with partially-honest individuals. It also provides the necessary and sufficient condition for Nash implementation …
Persistent link: https://www.econbiz.de/10013130244
study implementation by natural price-quantity mechanisms (Saijo et al., 1996a, 1999) in pure exchange economies. Firstly … the strong type, which may provide a behavioral foundation for decentralized implementation of the Walrasian equilibrium … implementation problems of fair allocations …
Persistent link: https://www.econbiz.de/10013065108
sufficient condition to achieve secure implementation. This result provides a behavioral foundation for the rectangularity … property; and it offers as a by-product a revelation principle for secure implementation with partial honesty. We apply the … implementation concept to a single-crossing voting environment, and we prove that it characterizes, in combination with unanimity …
Persistent link: https://www.econbiz.de/10012951370