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  • Search: subject:"mechanism design without transferrable utility"
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arbitration 1 mechanism design without transferrable utility 1
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Free 1
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English 1
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Börgers, Tilman 1 Postl, Peter 1
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Department of Economics, University of Birmingham 1
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Discussion Papers / Department of Economics, University of Birmingham 1
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Efficient Compromising
Börgers, Tilman; Postl, Peter - Department of Economics, University of Birmingham - 2008
Two agents have to choose one of three alternatives. Their ordinal rankings of these alternatives are commonly known among them. The rankings are diametrically opposed to each other. Ex-ante efficiency requires that they reach a compromise, that is choose the alternative which they both rank...
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