best we mean that one can find mechanisms that satisfy efficiency of decision, dominant strategy incentive compatibility …

no equilibrium achieving full efficiency. In the experiment, we vary the proportion of naive traders by introducing … computerized players. We find that full efficiency is not achieved in the experiment with or without naive traders, and efficiency … experiment participants, and that allowing face-to-face pre-play communication increases efficiency although still not to the …

no equilibrium achieving full efficiency. In the experiment, we vary the proportion of naive traders by introducing … computerized players. We find that full efficiency is not achieved in the experiment with or without naive traders, and efficiency … experiment participants, and that allowing face-to-face pre-play communication increases efficiency although still not to the …

. Constraining choices increases segregation and affects the stability and efficiency of the final allocation. Remarkably, the …

sufficient conditions for efficiency in terms of cyclical monotonicity. The n-player group version always yields efficiency. …

efficiency only if they are dictatorial. …

efficiency only if they are dictatorial. …

mechanism that extracts the private information and achieves efficiency with a transfer scheme that adds up to zero in every …