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Behavioral implementation studies implementation when agents' choices need not be rational. All existing papers of this literature, however, fail to handle a large class of choice behaviors because they rely on a well-known condition called Unanimity. This condition says, roughly speaking, that...
Persistent link: https://www.econbiz.de/10014465032
How should a society choose between two social alternatives if participation in the decision process is voluntary and costly and monetary transfers are not feasible? Considering symmetric voters with private valuations, we show that it is utilitarian-optimal to use a linear voting rule: votes...
Persistent link: https://www.econbiz.de/10011798903
Persistent link: https://www.econbiz.de/10003209623
We consider situations where a society tries to efficiently allocate several homogeneous and indivisible goods among agents. Each agent receives at most one unit of the good. For example, suppose that a government wishes to allocate a fixed number of licenses to operate in its country to private...
Persistent link: https://www.econbiz.de/10003246504
This study explores mechanism design with allocation-based social preferences. Agents' social preferences and private payoffs are all subject to asymmetric information. We assume quasi-linear utility and independent types. We show how the asymmetry of information about agents' social preferences...
Persistent link: https://www.econbiz.de/10013255847
This study explores mechanism design with allocation-based social preferences. Agents’ social preferences and private payoffs are all subject to asymmetric information. We assume quasi-linear utility and independent types. We show how the asymmetry of information about agents’ social...
Persistent link: https://www.econbiz.de/10013269734
We present a three-person, two-period bargaining game with private information. A single proposer is seeking to secure agreement to a proposal under either majority or unanimity rule. If the first period proposal fails, the game ends immediately with an exogenously given "breakdown" probability....
Persistent link: https://www.econbiz.de/10014635305
increases, players should truncate less. While several recent papers have focused on the limits of strategic manipulation, our … little information, the potential for manipulation can be significant. …
Persistent link: https://www.econbiz.de/10009756282
We consider the problem of allocating several types of indivisible goods when preferences are separable and monetary transfers are not allowed. Our finding is that the coordinatewise application of strategy-proof and non-wasteful rules yields a strategy-proof rule with the following efficiency...
Persistent link: https://www.econbiz.de/10010250132
manipulation. …
Persistent link: https://www.econbiz.de/10012815570