This study investigates a free-rider problem caused by externalities inherent in global commons, industrial pollution, and the hidden social costs of everyday activities. Within the range of sovereignty and privacy protection, to transform the social dilemma into an easier-to-solve coordination...

We investigate the implementation of social choice functions (SCFs) from an epistemological perspective. We consider the possibility that in higher-order beliefs there exists an honest agent who is motivated by intrinsic preference for honesty as well as material interest. We assume weak...

We investigate the implementation of social choice rules (SCRs) in dominant strategy, where the central planner evaluates social welfare ethically rather than financially by excluding monetary transfers from the welfare evaluation, prohibiting redistribution, and putting heterogenous welfare...

We study the design of self-enforcing mechanisms that rely on neither a trusted third party (e.g., court, trusted mechanism designer) nor a long-term relationship. Instead, we use a smart contract written on blockchains as a commitment device. We design the digital court, a smart contract that...

We experimentally examine the impact of a cycle path on the trading of a copyable information good in networks. A cycle path in a network permits a buyer to become a reseller that can compete against existing sellers by replicating the good. Theory predicts that the price of the information...