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We consider a problem of allocating multiple identical objects to a group of agents and collecting payments. Each agent may receive several objects and has quasi-linear preferences with a submodular valuation function. It is known thatWalrasian mechanisms are manipulable. We investigate the...
Persistent link: https://www.econbiz.de/10011477617
Firms sometimes have problems with their products or management systems, problems that can lead to catastrophic events. Often, workers in such firms are aware of these problems but fail to report them to their superiors. This paper examines workers' incentives for concealing problems within an...
Persistent link: https://www.econbiz.de/10012894376
We consider a common-value voting in which the state of the nature is a pair of payoff-relevant state and a variable that determines the precision and the meaning of voters' private signals. Each voter receives noisy signals about both of the states. When the number of voters is sufficiently...
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We consider a problem of allocating multiple identical objects to a group of agents and collecting payments. Each agent may receive several objects and has quasi-linear preferences with a submodular valuation function. It is known that Walrasian mechanisms are manipulable. We investigate the...
Persistent link: https://www.econbiz.de/10012990729
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We study a model of two-candidate electoral competition.In our model, each voter has single-peaked preferences for the consequences of policies, but voters receive only partial information about which policies cause their preferred consequences. If voters' utility functions are convex, they...
Persistent link: https://www.econbiz.de/10014112685