Showing 1 - 4 of 4
This paper examines the conditions which guarantee that the set of coalition-proof Nash equilibria coincides with the set of strong Nash equilibria in the normal form games without spillovers. We find that population monotonicity properties of the payoff functions, when the payoff of a player...
Persistent link: https://www.econbiz.de/10005155418
Gibbard has shown that a social choice function is strategy-proof if and only if it is a convex combination of dictatorships and pair-wise social choice functions. I use geometric techniques to prove the corollary that every strategy-proof and sovereign social choice function is a random...
Persistent link: https://www.econbiz.de/10005371026
Gibbard has shown that a social choice function is strategy-proof if and only if it is a convex combination of dictatorships and pair-wise social choice functions. I use geometric techniques to prove the corollary that every strategy-proof and sovereign social choice function is a random...
Persistent link: https://www.econbiz.de/10005371201
I construct a general model of social planning problems, including mixed production economies and regulatory problems with negative externalities as special cases, and I give simple mechanisms for Nash implementation under three increasingly general sets of assumptions. I first construct a...
Persistent link: https://www.econbiz.de/10005178720