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Compromises between Cardinality and Ordinality in Preference Theory and Social Choice

Mandler, Michael - 2003

By taking sets of utility functions as a primitive description of agents, we define an ordering over assumptions on … utility functions that gauges their implicit measurement requirements. Cardinal and ordinal assumptions constitute two types … ordering to different theories for why consumer preferences should be convex and show that diminishing marginal utility, which …

Persistent link: https://www.econbiz.de/10014125042

Mechanism design without quasilinearity

Kazumura, Tomoya; Mishra, Debasis; Serizawa, Shigehiro - In: Theoretical economics : TE ; an open access journal in … 15 (2020) 2, pp. 511-544

This paper studies a model of mechanism design with transfers where agents' preferences need not be quasilinear. In such a model, (1) we characterize dominant strategy incentive compatible mechanisms using a monotonicity property; (2) we establish a revenue uniqueness result: for every dominant...

Persistent link: https://www.econbiz.de/10012308444

Report-dependent utility and strategy-proofness

Meisner, Vincent - 2021

Despite the truthful dominant strategy, participants in strategy-proof mechanisms submit manipulated preferences. In our model, participants dislike rejections and enjoy the confirmation from getting what they declared most desirable. Formally, the payoff from a match decreases in its position...

Persistent link: https://www.econbiz.de/10013219400