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This paper examines the role of coalition formation in the empirically observed negative correlation between employment protection and unemployment benefit. We study an economy composed of four groups of agents (capitalists, unemployed people, low- and high-skilled workers), each one represented...
Persistent link: https://www.econbiz.de/10010680581
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