Showing 1 - 10 of 102
We study a social choice model with partially honest agents, and we show that strategy-proofness is a necessary and sufficient condition to achieve secure implementation. This result provides a behavioral foundation for the rectangularity property; and it offers as a by-product a revelation...
Persistent link: https://www.econbiz.de/10011076683
Agents with single-peaked preferences share a resource coming from different suppliers; each agent is connected to only a subset of suppliers. Examples include workload balancing, sharing earmarked funds, and rationing utilities after a storm.
Persistent link: https://www.econbiz.de/10011042928
I consider whether the agentsʼ reluctance to make a large lie is helpful for the rule designer to construct a nonmanipulable rule. For this purpose, I study an axiom, called AM-proofness, saying that manipulation cannot occur through preferences adjacent to the sincere one. Through examples, I...
Persistent link: https://www.econbiz.de/10011042967
In the present paper we consider the allocation of costs in connection networks. Agents have connection demands in form of pairs of locations they want to have connected. Connections between locations are costly to build. The problem is to allocate costs of networks satisfying all connection...
Persistent link: https://www.econbiz.de/10011263568
This paper considers marriage problems, roommate problems with nonempty core, and college admissions problems with responsive preferences. All stochastically stable matchings are shown to be contained in the set of matchings which are most robust to one-shot deviation.
Persistent link: https://www.econbiz.de/10011263593
A mechanism implements a social choice correspondence f in mixed Nash equilibrium if, at any preference profile, the set of all (pure and mixed) Nash equilibrium outcomes coincides with the set of f-optimal alternatives for all cardinal representations of the preference profile. Unlike Maskinʼs...
Persistent link: https://www.econbiz.de/10011043034
We prove existence of stationary Markov perfect equilibria in an infinite-horizon model of legislative policy making in which the policy outcome in one period determines the status quo for the next. We allow for a multidimensional policy space and arbitrary smooth stage utilities, and we assume...
Persistent link: https://www.econbiz.de/10010594322
We generalize the traditional concept of single-peaked preference domains in two ways. First, we introduce the concept of a multiple single-peaked domain, where the set of alternatives is equipped with several underlying orderings with respect to which a preference can be single-peaked, and we...
Persistent link: https://www.econbiz.de/10011263569
We study efficiency and fairness properties of the equal cost sharing with maximal participation (ECSMP) mechanism in the provision of a binary and excludable public good. According to the maximal welfare loss criterion, the ECSMP is optimal within the class of strategyproof, individually...
Persistent link: https://www.econbiz.de/10011189745
We impose the axiom Independence of Irrelevant Alternatives on division rules for the conflicting claims problem. With the addition of Consistency and Resource Monotonicity, this characterizes a family of rules which can be described in three different but intuitive ways. First, a rule is...
Persistent link: https://www.econbiz.de/10011076672