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Standard theory assumes that voters' preferences over actions (voting) are induced by their preferences over electoral outcomes (policies, candidates). But voters may also have non-consequentialist (NC) motivations: they may care about how they vote even if it does not a¤ect the outcome. When...
Persistent link: https://www.econbiz.de/10008493943
We analyze maximization of revenue in the dynamic and stochastic knapsack problem where a given capacity needs to be allocated by a given deadline to sequentially arriving agents. Each agent is described by a two-dimensional type that reflects his capacity requirement and his willingness to pay...
Persistent link: https://www.econbiz.de/10008493944
Persistent link: https://www.econbiz.de/10008493945
Scientists try to find out the truth about our world. Judges in a court of law try to find out the truth about the target events in the indictment. What are the similarities, and what are the differences, in the procedures that govern the search for truth in these two systems? In particular, why...
Persistent link: https://www.econbiz.de/10008493946
We characterize the incentive compatible, constrained efficient policy ("second-best") in a dynamic matching environment, where impatient, privately informed agents arrive over time, and where the designer gradually learns about the distribution of agents' values. We also derive conditions on...
Persistent link: https://www.econbiz.de/10008493947
Persistent link: https://www.econbiz.de/10005178615
Last summer, a member of the Rationality Center at the Hebrew University of Jerusalem installed a closed-circuit TV camera in the Center's kitchen. An email explained that the camera was installed in an effort to keep the kitchen clean. By the time the camera was removed, a week later, the...
Persistent link: https://www.econbiz.de/10005178616
I analyze a mechanism design of a tournament in which the principal can strategically enhance the probability of a tie. The principal decides on a ”tie distance” and announces a rule according to which a tie is declared if the difference between the two contestants’ performances is within...
Persistent link: https://www.econbiz.de/10005178617
A two-house legislature can often be modelled as a proper simple game whose outcome depends on whether a coalition wins, blocks or loses in two smaller proper simple games. It is shown that there are exactly five ways to combine the smaller games into a larger one. This paper focuses on one of...
Persistent link: https://www.econbiz.de/10005178618
The Maschler-Owen consistent value for non-transferable utility games is axiomatized, by means of a marginality axiom.
Persistent link: https://www.econbiz.de/10005178619