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Achieving the First Best in Sequencing Problems
Mitra, Manipushpak - 2000
best we mean that one can find mechanisms that satisfy efficiency of decision, dominant strategy incentive compatibility …
Persistent link: https://www.econbiz.de/10010317633
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Achieving the first best in sequencing problems
Mitra, Manipushpak - 2000 - Revised
best we mean that one can find mechanisms that satisfy efficiency of decision, dominant strategy incentive compatibility …
Persistent link: https://www.econbiz.de/10011538720
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Achieving the First Best in Sequencing Problems
Mitra, Manipushpak - University of Bonn, Germany - 2000
best we mean that one can find mechanisms that satisfy efficiency of decision, dominant strategy incentive compatibility …
Persistent link: https://www.econbiz.de/10004989617
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Mechanism design in queueing problems
Mitra, Manipushpak - In: Economic Theory 17 (2001) 2, pp. 277-305
which achieves truth-telling in dominant strategies, efficiency and budget balancedness (or first best implementability). On …
Persistent link: https://www.econbiz.de/10005753426
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Robust virtual implementation with incomplete information: Towards a reinterpretation of the Wilson doctrine
Artemov, Georgy; Kunimoto, Takashi; Serrano, Roberto - Instituto de Ciencias Sociales, Instituto Madrileño de … - 2007
We consider robust virtual implementation, where robustness is the requirement that implementation succeed in all type spaces consistent with a given payoff type space as well as with a given space of first-order beliefs about the other agents\' payoff types. This last bit, which constitutes our...
Persistent link: https://www.econbiz.de/10005572083
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Inefficiency in private value bargaining with naive players: An experimental study
Possajennikov, Alexandre; Saran, Rene - 2018
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 …
Persistent link: https://www.econbiz.de/10012029781
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A Theory of Efficient Negotiations
Jackson, Matthew O. - 2016
Negotiation involves determining not only an agreement's price, but also its content, which typically has many aspects. We model such negotiations and provide conditions under which negotiation leads to efficient outcomes, even in the face of substantial asymmetric information regarding the...
Persistent link: https://www.econbiz.de/10013005057
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Inefficiency in private value bargaining with naive players : an experimental study
Possajennikov, Alexandre; Saran, Rene - 2018
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 …
Persistent link: https://www.econbiz.de/10011852503
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Does strengthening Collective Action Clauses (CACs) help?
Ghosal, Sayantan; Thampanishvong, Kannika - Department of Economics, University of Warwick - 2009
show that the resulting conflict between ex ante and interim efficiency limits the welfare impact of strengthening CACs … welfare gains. However, when ex ante efficiency requires the sovereign debtor to choose actions that reduce the probability of … default, improved creditor coordination reduces ex ante efficiency and the interim efficient CAC threshold is higher than the …
Persistent link: https://www.econbiz.de/10005146937
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Competitive Equilibrium from Equal Incomes for Two-Sided Matching
He, Yinghua; Miralles, Antonio; Yan, Jianye - Barcelona Graduate School of Economics (Barcelona GSE) - 2012
have similar ordinal preferences, the mechanism’s explicit use of cardinal preferences may significantly improve efficiency …
Persistent link: https://www.econbiz.de/10010851345