Showing 31 - 40 of 673
We introduce a “nestedness” relation for a general class of sender-receiver games and compare equilibrium properties, in particular the amount of information transmitted, across games that are nested. Roughly, game is nested in game if the players’s optimal actions are closer in game. We...
Persistent link: https://www.econbiz.de/10011003906
A public decision model specifies a fixed set of alternatives A, a variable population, and a fixed set of admissible preferences over A, common to all agents. We study the implications, for any social choice function, of the principle of solidarity, in the class of all such models. The...
Persistent link: https://www.econbiz.de/10005353161
Persistent link: https://www.econbiz.de/10005147186
We study mechanisms for selecting up to m out of n projects. Project managers' private information on quality is elicited through transfers. Under limited liability, the optimal mechanism selects projects that maximize some function of the project's observable and reported characteristics. When...
Persistent link: https://www.econbiz.de/10010815829
We study mechanisms for selecting up to m out of n projects. Project managers’ private information on quality is elicited through transfers. Under limited liability, the optimal mechanism selects projects that maximize some function of the project’s observable and reported characteristics....
Persistent link: https://www.econbiz.de/10010756352
We study mechanisms for selecting up to m out of n projects. Project managers’ private information on quality is elicited through transfers. Under limited liability, the optimal mechanism selects projects that maximize some function of the project’s observable and reported characteristics....
Persistent link: https://www.econbiz.de/10010756649
Persistent link: https://www.econbiz.de/10008221567
Persistent link: https://www.econbiz.de/10007733693
Persistent link: https://www.econbiz.de/10009818702
We introduce a "nestedness" relation for a general class of sender-receiver games and compare equilibrium properties, in particular the amount of information transmitted, across games that are nested. Roughly, game B is nested in game A if the players’s optimal actions are closer in game B. We...
Persistent link: https://www.econbiz.de/10014158276