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In this paper, we re-examine the classical questions of implementation theory under complete information in a setting where coalitions are the fundamental behavioral units and the outcomes of their interactions are predicted by applying the solution concept of the core. The planner's exercise...
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Implementation of a solution can be thought of as a way to design power distribution in a society such that for each admissible preference profile, the set of equilibrium outcomes coincides with the set of outcomes that the solution would select for it. By using the notion of a rights structure...
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Frontmatter -- Contents -- Foreword -- List of Contributors -- Chapter one. Introduction / Diamond, Peter / Vartiainen, Hannu -- Chapter two. Behavioral Public Economics:Welfare and Policy Analysis with Nonstandard Decision-Makers / Bernheim, B. Douglas / Rangel, Antonio -- Chapter three....
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Farsighted formulations of coalitional formation, for instance by Harsanyi (1974) and Ray and Vohra (2015), have typically been based on the von Neumann-Morgenstern (1944) stable set. These farsighted stable sets use a notion of indirect dominance in which an outcome can be dominated by a chain...
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