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The rationalizability concept was introduced in Bernheim [Ber84] and Pearce [Pea84] to assess what can be inferred by rational players in a non-cooperative game in the presence of common knowledge. However, this notion can be defined in a number of ways that differ in seemingly unimportant minor...
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We consider expected profit maximizing mechanisms for a principal who has to allocate a group of agents among a number of projects, assuming that the principal has incomplete information about each agent's ability type, and the agents follow the Bayes-Nash or the dominant strategy equilibrium...
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investigate monotonicity violations, as well as the performance of methods of locally and globally imposing curvature. We find … that monotonicity violations are especially likely to occur, when elasticities of substitution are greater than unity. We …
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becasue the essence of the social choice problem, such as Condorcet triples, rules out monotonicity. …
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face alternatives with higher utilities, a non-monotonicity result that holds even if the decision-maker optimally chooses …
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