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Persistent link: https://www.econbiz.de/10004352015
Are two parents and single parents allocating household resources to children in the same way? Which factors affect intra-household inequality? Do mothers re-distribute more income to children as they are more empowered? We focus on child welfare in the context of two parent and single parent...
Persistent link: https://www.econbiz.de/10011974734
-ante implementable social choice functions. This holds for a large set of implementation standards, including Nash implementation, and …
Persistent link: https://www.econbiz.de/10010263205
is provided for subgame perfect equilibria. Finally, it is indicated how these results can be extended to implementation …
Persistent link: https://www.econbiz.de/10010272572
Howard (1992) argues that the Nash bargaining solution is not Nash implementable, as it does not satisfy Maskin monotonicity. His arguments can be extended to other bargaining solutions as well. However, by defining a social choice correspondence that is based on the solution rather than on its...
Persistent link: https://www.econbiz.de/10010272596
Incentives often fail in inducing economic agents to engage in a desirable activity; implementability is restricted. What restricts implementability? When does re-organization help to overcome this restriction? This paper shows that any restriction of implementability is caused by an identifi...
Persistent link: https://www.econbiz.de/10011422212
This paper analyzes how all-pay auctions with endogenous prizes can be used to provide effort incentives. We show that wide classes of effort distributions can be implemented as equilibrium outcomes of such games. We also ask how all-pay auctions have to be structured so as to induce high...
Persistent link: https://www.econbiz.de/10010316920
We view achieving a particular correlated equilibrium distribution for a normal form game as an implementation problem …
Persistent link: https://www.econbiz.de/10010318905
We provide a mechanism that approximately implements the Mas-Colell bargaining set in subgame perfect equilibrium. The mechanism is based on the definition of the Mas-Colell bargaining set, and respects feasibility in and out of equilibrium.
Persistent link: https://www.econbiz.de/10010318986
of solutions using monotonicity properties. Finally, we provide a non-cooperative implementation for these solutions …
Persistent link: https://www.econbiz.de/10010325573