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Persistent link: https://www.econbiz.de/10005413955
We identify and characterize a natural and intuitive class of mechanisms called the k-pivotal mechanisms. The axioms used are efficiency, pairwise strategyproofness, equal treatment of equals and weak linearity. We also identify the subclass of these mechanisms which do not run a budget deficit...
Persistent link: https://www.econbiz.de/10008914625
A domain of preference orderings is a random dictatorship domain if every strategy-proof random social choice function satisfying unanimity defined on the domain is a random dictatorship. Gibbard (1977) showed that the universal domain is a random dictatorship domain. We ask whether an arbitrary...
Persistent link: https://www.econbiz.de/10011049692
We consider dominant strategy implementation in private values settings, when agents have multi-dimensional types, the set of alternatives is finite, monetary transfers are allowed, and agents have quasi-linear utilities. We focus on private-value environments. We show that any implementable and...
Persistent link: https://www.econbiz.de/10011049739
We investigate the problem of Nash implementation in the presence of “partially honest” individuals. A partially honest player is one who has a strict preference for revealing the true state over lying when truthtelling does not lead to a worse outcome than that which obtains when lying. We...
Persistent link: https://www.econbiz.de/10011049868