Search Results - subject:"INCENTIVE COMPATIBILITY"

Mechanism design with bounded depth of reasoning and small modeling mistakes

De Clippel, Geoffroy; Saran, Rene; Serrano, Roberto - 2014

We consider mechanism design in contexts in which agents exhibit bounded depth of reasoning (level k ) instead of rational expectations. We use simple direct mechanisms, in which agents report only first-order beliefs. While level 0 agents are assumed to be truth tellers, level k agents...

Persistent link: https://www.econbiz.de/10010401721

Exploring the limits of incentive compatibility and allocative efficiency in complex economic environments

Reinhardt, Markus - 2014

allocative efficiency and incentive compatibility the main characteristics a mechanism should provide. Therefore, the … dissertation investigates the limits of conceivable relaxations of allocative efficiency and incentive compatibility for complex … carefully weigh up the advantages and disadvantages for either relaxing allocative efficiency or respectively incentive …

Persistent link: https://www.econbiz.de/10010463078

Incentive Compatibility and Differentiability New Results and Classic Applications

Mailath, George J.; von Thadden, Ernst-Ludwig - 2013

of types incentive compatibility plus separation implies differentiability of the informed agent's strategy. The new …

Persistent link: https://www.econbiz.de/10010334081

The incompatibility of Pareto optimality and dominant-strategy incentive compatibility in sufficiently-anonymous budget-constrained quasilinear settings

Gonen, Rica; Lerner, Anat - In: Games 4 (2013) 4, pp. 690-710

We analyze the space of deterministic, dominant-strategy incentive compatible, individually rational and Pareto optimal combinatorial auctions. We examine a model with multidimensional types, nonidentical items, private values and quasilinear preferences for the players with one relaxation; the...

Persistent link: https://www.econbiz.de/10010369440

Measuring Willingness to Pay by Means of the Trade-off between Free Available Cash and Specific-Purpose Vouchers

Lieven, Theo; Lennerts, Silke - In: BuR - Business Research 6 (2013) 2, pp. 154-171

Primarily because of the hypothetical character of interview situations, respondents are often unable to state their true willingness to pay (WTP). This inability results in the so-called hypothetical bias. To address this bias, incentive-compatible methods have been proposed, but such methods...

Persistent link: https://www.econbiz.de/10010421385

Incentive Compatibility and Differentiability New Results and Classic Applications

Mailath, George J.; Thadden, Ernst-Ludwig von - Volkswirtschaftliche Fakultät, … - 2013

of types incentive compatibility plus separation implies differentiability of the informed agent's strategy. The new …

Persistent link: https://www.econbiz.de/10010737648

On the Fundamentals of a Successful Reform for National Prosperity¡ªAn Economic Analysis Based on the Practice of China¡¯s Reform

Chen, Xudong; Tian, Guoqiang; Xia, Jijun - In: Frontiers of Economics in China 8 (2013) 4, pp. 490-515

This paper discusses the fundamentals required for successful reform, i.e., the necessary institutional changes required to make a nation grow sustainably wealthier. It argues that enriching the people is a prerequisite for a prosperous nation and further reveals the inherent logic behind the...

Persistent link: https://www.econbiz.de/10010888533

Implementation in multidimensional domains with ordinal restrictions

Mishra, Debasis; Pramanik, Anup; Roy, Souvik - Indian Statistical Institute - 2013

We consider implementation of a deterministic allocation rule using transfers in quasi-linear private values environments. We show that if the type space is a multidimensional domain satisfying some ordinal restrictions, then an allocation rule is implementable in such a domain if and only if it...

Persistent link: https://www.econbiz.de/10010706362

Measuring Willingness to Pay by Means of the Trade-off between Free Available Cash and Specific-Purpose Vouchers

Lieven, Theo; Lennerts, Silke - In: BuR - Business Research 6 (2013) 2, pp. 154-171

Persistent link: https://www.econbiz.de/10010711548

The Incompatibility of Pareto Optimality and Dominant-Strategy Incentive Compatibility in Sufficiently-Anonymous Budget-Constrained Quasilinear Settings

Gonen, Rica; Lerner, Anat - In: Games 4 (2013) 4, pp. 690-710

Persistent link: https://www.econbiz.de/10010711827