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Roessler, Christian; Shelegia, Sandro; Strulovici, Bruno - 2015

? Under an intuitive condition linking power structures in the dynamic setting and at the commitment stage, the answer is … equilibrium without commitment. The condition is also necessary: when it fails, as in the case of a single time-inconsistent agent …, commitment is valuable for some payoffs. We apply our result to explain inefficient collective decisions in the contexts of …

Persistent link: https://www.econbiz.de/10011481650

Almost-dominant Strategy Implementation

Schummer, James - 1999

Though some economic environments provide allocation rules that are implementable in dominant strategies (strategy-proof), a significant number of environments yield impossibility results. On the other hand, while there are quite general possibility results regarding implementation in Nash or...

Persistent link: https://www.econbiz.de/10012236090

Strategy-Proof Package Assignment

Erlanson, Albin; Szwagrzak, Karol - 2013

We examine the strategy-proof allocation of multiple divisible and indivisible resources; an application is the assignment of packages of tasks, workloads, and compensations among the members of an organization. We find that any allocation mechanism obtained by maximizing a separably concave...

Persistent link: https://www.econbiz.de/10013208670

Contesting Fake News

Rehsmann, Daniel; Roussillon, Béatrice; Schweinzer, Paul - 2023

We model competition on a credence market governed by an imperfect label, signaling high quality, as a rank-order tournament between firms. In this market interaction, asymmetric firms jointly and competitively control the underlying quality ranking's precision by releasing individual...

Persistent link: https://www.econbiz.de/10014377606

Weak transitivity and agenda control for extended stepladder tournaments

Yang, Yongjie; Dimitrov, Dinko - In: Economic Theory Bulletin 9 (2020) 1, pp. 27-37

Persistent link: https://www.econbiz.de/10014504444

How to Share it out: The Value of Information in Teams

Gershkov, Alex; Li, Jianpei; Schweinzer, Paul - 2014

We study the role of information exchange, leadership and coordination in team or partnership structures. For this purpose, we view individuals jointly engaging in productive processes a team' as endowed with individual and privately held information on the joint production process. Once...

Persistent link: https://www.econbiz.de/10010398571

The Value of Technology Improvements in Games with Externalities: A Fresh Look at Offsetting Behavior

Hoy, Michael; Polborn, Mattias - 2014

How should we evaluate the welfare implications of improvements to safety technologies in the presence of offsetting behavior? We model this problem as a symmetric game in which each player's payoff depends on his own action and the average action of the other players, and analyze under which...

Persistent link: https://www.econbiz.de/10010398589

Consuming your Way to Efficiency: Public Goods Provision through Non-Distortionary Tax Lotteries

Giebe, Thomas; Schweinzer, Paul - 2013

We revisit the classical result that financing a pure public good through taxation of private consumption is inefficient. To this standard setup we add a consumption contest in which consumers can win a prize. We show that an appropriately chosen contest - which we call a 'tax lottery' - can...

Persistent link: https://www.econbiz.de/10010312844

Probabilistic Procurement Auctions

Giebe, Thomas; Schweinzer, Paul - 2013

We analyse procurement auctions in which sellers are distinguished on the basis of the ratios of quality per unit of money that they offer. Sellers are privately informed on the offered quality of the technology or good. We assume that the procurer cannot perfectly identify the best offer. Thus,...

Persistent link: https://www.econbiz.de/10010317026

All-pay-all Aspects of Political Decision Making

Giebe, Thomas; Schweinzer, Paul - 2013

We study decision making processes with non-standard all-pay structures. We motivate this interest through a group of regulatory, political, legal, military, and economic applications where individual actions determine the consequences for a larger group or the public. The common features of...

Persistent link: https://www.econbiz.de/10010318801