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A collective decision problem is described by a set of agents, a profile of single-peaked preferences over the real line and a number of public facilities to be located. We consider public facilities that do not suffer from congestion and are non-excludable. We characterize the class of rules...
Persistent link: https://www.econbiz.de/10011049862
An allocation rule is securely implementable if it is strategy-proof and has no "bad" Nash equilibrium in its associated direct revelation game [Saijo, T., Sjöström, T., Yamato, T., 2007. Secure implementation. Theoretical Econ. 2, 203-229. Original work published in RIETI Discussion Paper...
Persistent link: https://www.econbiz.de/10008565465
Two agents jointly operate a decreasing marginal returns technology to produce a private good. We characterize the class of output-sharing rules for which the labor-supply game has a unique Nash equilibrium. It consists of two families: rules of the serial type which protect a small user from...
Persistent link: https://www.econbiz.de/10005413611
Implementing a project, like a nationwide nuclear waste disposal, which benefits all involved agents but brings major costs only to the host is often problematic. In practice, revelation issues and redistributional concerns are significant obstacles to achieving stable agreements. We address...
Persistent link: https://www.econbiz.de/10009249713