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This paper introduces information aggregation into the standard spatial committee game. We assume that committee members must agree on a decision rule to aggregate their private information on a policy-relevant state of the world. We derive sucient conditions for the ex ante incentive compatible...
Persistent link: https://www.econbiz.de/10005200583
We suggest a new game-theory-based ranking method for wines, in which the Shapley Value of each wine is computed, and wines are ranked according to their Shapley Values. Judges should find it simpler to use, since they are not required to rank order or grade all the wines, but merely to choose...
Persistent link: https://www.econbiz.de/10010610560
Some of the basic results and insights of the literature on mechanism design are presented. In that literature game theoretic reasoning is used to model social institutions as varied as voting systems, auctions, bargaining protocols, and methods for deciding on public projects. A theme that...
Persistent link: https://www.econbiz.de/10013039680
We show that the characterization result of the weak core correspondence in simple games in Takamiya et al. (2018) still holds true even when the set of alternatives contains uncountably infinite elements
Persistent link: https://www.econbiz.de/10012913496
In this paper we are interested in efficient and individually rational exchange rules for markets with heterogeneous indivisible goods that exclude the possibility that an agent benefits by regrouping goods in her initial endowment. We present a suitable environment in which the existence of...
Persistent link: https://www.econbiz.de/10003731637
We extends the single-crossing property of preferences to tree graphs, and show that it is equivalent to intermediate preferences and order restriction, also extended to tree graphs. Moreover, to facilitate the use of single-crossing in network games, we develop algorithms to answer the...
Persistent link: https://www.econbiz.de/10013076518
An allocation of indivisible items among n ≥ 2 players is proportional if and only if each player receives a proportional subset—one that it thinks is worth at least 1/n of the total value of all the items. We show that a proportional allocation exists if and only if there is an allocation...
Persistent link: https://www.econbiz.de/10015242896
stable matchings in Nash equilibrium and the student's optimum in strong equilibrium. The mechanism also implements the … students' optimum, in Nash equilibrium, under the class of "non-reverse" preferences. All these properties come from the fact …
Persistent link: https://www.econbiz.de/10005370567
and strong Nash equilibrium the set of true envy-free allocations. …
Persistent link: https://www.econbiz.de/10004980213
An allocation of indivisible items among n ≥ 2 players is proportional if and only if each player receives a proportional subset—one that it thinks is worth at least 1/n of the total value of all the items. We show that a proportional allocation exists if and only if there is an allocation...
Persistent link: https://www.econbiz.de/10011111823