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A full characterization of all deterministic dominant strategy incentive compatible, ex-post individually rational, and ex-post budget balanced direct mechanisms in the public good provision problem with independent private values

Kuzmics, Christoph - 2014

In this note I give a full characterization of all deterministic direct mechanisms in the public good provision problem with independent private values that are dominant strategy incentive compatible, ex-post individually rational, and ex-post budget balanced.

Persistent link: https://www.econbiz.de/10010337703

The design of ambiguous mechanisms

Di Tillio, Alfredo; Kos, Nenad; Messner, Matthias - 2014

This paper explores the sale of an object to an ambiguity averse buyer. We show that the seller can increase his profit by using an ambiguous mechanism. That is, the seller can benefit from hiding certain features of the mechanism that he has committed to from the agent. We then characterize the...

Persistent link: https://www.econbiz.de/10010399062

Efficiency Effects on Coalition Formation in Contests

Nevrekar, Saish - 2022

approach by assuming certain properties for the winning probability that imply efficiency gains from cooperation in contest … settings. Efficiency gains are said to be generated if any coalition experiences increasing marginal returns with aggregate … generate sufficient efficiency gains, then any equilibrium always consists of two or more coalitions where at least two …

Persistent link: https://www.econbiz.de/10013294669

Does Strengthening Collective Action Clauses (CACs) Help?

Ghosal, Sayantan; Kannika Thampanishvong - 2007

We study the effect of strengthening CACs in a debt rollover model of a sovereign debt crisis. Conditional on default, there are multiple equilibria: the impact of strengthening CACs depends critically on the prevailing equilibrium. For a subset of equilibria, (i) given a fixed number of...

Persistent link: https://www.econbiz.de/10014049846

Unequal Outside Options in the Lost Wallet Game

Servátka, Maroš; Vadovic, Radovan - 2009

Experimental evidence suggests the size of the foregone outside option of the first mover does not affect the behavior of the second mover in the lost wallet game. In this paper we experimentally compare the behavior of subjects when they face an outside option with unequal payoffs, i.e., the...

Persistent link: https://www.econbiz.de/10014218896

The Paradox of New Members in the Council of Ministers : A Noncooperative Approach

Montero, Maria - 2007

Power indices suggest that adding new members to a voting body may increase the power of an existing member, even if the number of votes of all existing members and the decision rule remain constant. This phenomenon is known as the paradox of new members. This paper shows that the paradox has...

Persistent link: https://www.econbiz.de/10014221583

Secure Implementation in Economies with Indivisible Objects and Money

Fujinaka, Yuji; Wakayama, Takuma - 2007

This paper studies the application of the notion of secure implementation (Cason, Saijo, Sjostrom, and Yamato, 2006; Saijo, Sjostrom, and Yamato, 2007) to the problem of allocating indivisible objects with monetary transfers. We propose a new domain-richness condition, termed as minimal richness. We...

Persistent link: https://www.econbiz.de/10014223471

Fuzzy Play, Matching Devices and Coordination Failures

Herings, Peter Jean-Jacques; Mauleon, Ana; … - 2002

We revisit n-player coordination games with Pareto-ranked Nash equilibria. The novelty is that we introduce fuzzy play and a matching device, where each player does not choose which pure strategy to play, but instead chooses a nonempty subset of his strategy set that he submits to the matching...

Persistent link: https://www.econbiz.de/10014121371

On Some Geometry and Equivalence Classes of Normal Form Games

Germano, Fabrizio - 2003

Equivalence classes of normal form games are defined using the geometry of correspondences of standard equilibiurm concepts like correlated, Nash, and robust equilibrium or risk dominance and rationalizability. Resulting equivalence classes are fully characterized and compared across different...

Persistent link: https://www.econbiz.de/10014076132

The Coalitional Nash Bargaining Solution with Simultaneous Payoff Demands

Nieva, Ricardo - 2015

We consider a standard coalitional bargaining game where once a coalition forms it exits as in Okada (2011), however, instead of alternating offers, we have simultaneous payoff demands. We focus in the producer game he studies. Each player is chosen with equal probability. If that is the case,...

Persistent link: https://www.econbiz.de/10013019277