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interpreted as a mechanism theoretical implementation of the Nash solution. Our results in the present paper provide exact non … of the above mentioned support results, including our present ones, with mechanism theoretic implementation in (weakly … implementation can hardly be found except in very rare cases of extremely restricted domains of players' preferences. …
Persistent link: https://www.econbiz.de/10011582516
) implementation with partially honest agents when there are three or more participants. First, it establishes a condition which is … necessary and sufficient for implementation. Second, it provides simple tests for checking whether or not a social choice … correspondence can be implemented. Their usefulness is shown by examining implementation in a wide variety of environments. …
Persistent link: https://www.econbiz.de/10011258792
This essay introduces the symposium on computer science and economic theory.
Persistent link: https://www.econbiz.de/10011189760
We extend implementation theory by allowing the social choice function to depend on more than just the preferences of … is necessary for the implementation of a social choice function f when the preferences of the agents are state … independent and sufficient for implementation for any preferences (including state dependent) with at least three agents if the …
Persistent link: https://www.econbiz.de/10011042924
implementation with incomplete information has often left out the consideration of mixed-strategy equilibria. This is particularly … necessary and sufficient conditions for full implementation of social choice sets in mixed-strategy Bayesian equilibrium. We … refer to this as mixed implementation. Our results characterize both exact and virtual mixed implementation. For exact …
Persistent link: https://www.econbiz.de/10005702677
dimension to the original space of outcomes and construct a static mechanism similar to the one used in virtual implementation …. The implementation is imminent: the mechanism results in the original outcome, which is provided with an arbitrarily small …
Persistent link: https://www.econbiz.de/10010629830
dimension to the original space of outcomes and construct a static mechanism similar to the one used in virtual implementation …. The implementation is imminent: the mechanism results in the original outcome, which is provided with an arbitrarily small …
Persistent link: https://www.econbiz.de/10005110967
interpreted as a mechanism theoretical implementation of the Nash solution. Our results in the present paper provide exact non … of the above mentioned support results, including our present ones, with mechanism theoretic implementation in (weakly … implementation can hardly be found except in very rare cases of extremely restricted domains of players' preferences. …
Persistent link: https://www.econbiz.de/10011412680
Within a laboratory experiment we investigate a principal-agent game in which agents may,first, self-select into a group task (GT) or an individual task (IT) and, second, choose workeffort. In their choices of task and effort the agents have to consider pay contracts for bothtasks as offered by...
Persistent link: https://www.econbiz.de/10005863219
Several division rules have been proposed in the literature regarding how anarbiter should divide a bankrupt estate. Different rules satisfy different sets ofaxioms, but all rules satisfy claims boundedness which requires that no contributorbe given more than her initial contribution. This paper...
Persistent link: https://www.econbiz.de/10005866654