Showing 1 - 10 of 543
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
We study repeated implementation in a model with overlapping generations of agents.It is assumed that the preferences of agents do not change during their lifetime.A social choice function selects an alternative in each period as a function of the preferences of agents who are alive in that...
Persistent link: https://www.econbiz.de/10011867640
We analyze dynamic electoral competition policy changes. The costs of changing a policy increase with the extent of the shift and generate an incumbency advantage. We characterize the dynamics of Markov equilibria in terms of history and party polarization, and analyze how policies are...
Persistent link: https://www.econbiz.de/10014096647
At each moment in time, some alternative from a finite set is selected by a dynamic process. Players observe the alternative selected and sequentially cast a yes or a no vote. If the set of players casting a yes-vote is decisive for the alternative in question, the alternative is accepted and...
Persistent link: https://www.econbiz.de/10014158928
We consider the allocation problem of infinitely divisible resources with at least three agents. For this problem, Thomson (Games and Economic Behavior, 52: 186-200, 2005) and Dogan (Games and Economic Behavior, 98: 165-171, 2016) propose "simple" but not "procedurally fair" game forms which...
Persistent link: https://www.econbiz.de/10012867552
This paper studies adaptive learning in the class of weighted network games. This class of games includes applications like research and development within interlinked firms, crime within social networks, the economics of pollution, and defense expenditures within allied nations. We show that...
Persistent link: https://www.econbiz.de/10012944776
The paper proposes necessary and sufficient conditions for the natural implementation of (efficient) social choice correspondences (SCCs) in pure finite exchange economies when some of the agents are partially honest. A partially honest agent is an agent who strictly prefers to tell the truth...
Persistent link: https://www.econbiz.de/10013008522
An individual may display an honesty standard which allows her to lie a little without that being harmful to her self view as an honest person. On this basis, the paper considers a society with a finite number of individuals involving partially-honest individuals and in which every individual...
Persistent link: https://www.econbiz.de/10013009451
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
This study considers Nash implementation in the problem of selecting an alternative when an agent has single-peaked preferences. We investigate condition μ (Moore and Repullo, 1990) and condition μ2 (Moore and Repullo, 1990; Dutta and Sen, 1991), which are necessary and sufficient conditions for...
Persistent link: https://www.econbiz.de/10012966408