Showing 1 - 10 of 1,507
We study a multi-dimensional collective decision under incomplete information. Agents have Euclidean preferences and vote by simple majority on each issue (dimension), yielding the coordinate-wise median. Judicious rotations of the orthogonal axes -- the issues that are voted upon -- lead to...
Persistent link: https://www.econbiz.de/10012022742
We assess the strength of the different conditions identified in the literature of robust mechanism design. We focus on three conditions: ex post incentive compatibility, robust monotonicity, and robust measurability. Ex post incentive compatibility has been shown to be necessary for any concept...
Persistent link: https://www.econbiz.de/10014196698
A mechanism is unsafe if a small number of agents deviating unexpectedly can make the mechanism deliver an outcome regarded as bad by a large number of other agents. Under Nash behavior, the direct approach of designing mechanisms with only safe Nash equilibria is impossible in many...
Persistent link: https://www.econbiz.de/10012972905
We consider school choice problems (Abdulkadiroglu and Sönmez, 2003) where students are assigned to public schools through a centralized assignment mechanism. We study the family of so-called rank-priority mechanisms, each of which is induced by an order of rank-priority pairs. Following the...
Persistent link: https://www.econbiz.de/10012955586
We assess the strength of the different conditions identified in the literature of robust mechanism design. We focus on three conditions: ex post incentive compatibility, robust monotonicity, and robust measurability. Ex post incentive compatibility has been shown to be necessary for any concept...
Persistent link: https://www.econbiz.de/10008669301
Despite the truthful dominant strategy, participants in strategy-proof me- chanisms 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/10012648382
We study decision rules for committees that repeatedly take a binary decision. Committee members are privately informed about their payoffs and monetary transfers are not feasible. In static environments, the only strategy-proof mechanisms are voting rules which are criticized for being...
Persistent link: https://www.econbiz.de/10010341070
This paper considers the problem faced by a political authority that has to design a legislative mechanism that guarantees the selection of policies that are stable, efficient, and inclusive in the sense of strategically protecting minority interests. Experimental studies suggest that some of...
Persistent link: https://www.econbiz.de/10012850001
Given the background of changing institutional competencies in the European Union, we analyze the choice of asylum law standards of national and European parliaments, the Council of the European Union and codecision between the Council and the European Parliament. In a two country model we nd...
Persistent link: https://www.econbiz.de/10010299077
Given the background of changing institutional competencies in the European Union, we analyze the choice of asylum law standards of national and European parliaments, the Council of the European Union and codecision between the Council and the European Parliament. In a two country model we nd...
Persistent link: https://www.econbiz.de/10008533487