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In the unique attainable equilibrium of a voting model with one minority candidate and two similarly appealing majority candidates, majority voters are unable to coordinate their support and the minority candidate (Condorcet loser) is elected. Suppose a random sample of voters is asked about...
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In this note I give a full characterization of all deterministic direct mechanisms in the public good provision problem with independent private values that are dominant strategy incentive compatible, ex-post individually rational, and ex-post budget balanced.
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'The Oxford Handbook of the Economics of Networks' represents the frontier of research into how and why networks they form, how they influence behavior, how they help govern outcomes in an interactive world, and how they shape collective decision making, opinion formation, and diffusion...
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