Showing 1 - 10 of 26
The property of "monotonicity" is necessary, and in many contexts, sufficient, for a solution to be Nash implementable (Maskin 1977). In this paper, we follow Sen (1995) and evaluate the extent to which a solution may fail monotonicity by identifying the minimal way in which it has to be...
Persistent link: https://www.econbiz.de/10005370559
conditions for implementation under various informational structures are provided. …
Persistent link: https://www.econbiz.de/10005370588
This paper introduces a non-cooperative game-theoretic model of sequential network formation, in which players propose links and demand payoffs. Payoff division is therefore endogenous. We show that if the value of networks satisfies size monotonicity, then each and every equilibrium network is...
Persistent link: https://www.econbiz.de/10005596585
The allocation of heterogeneous and indivisible objects is considered where there is no medium of exchange. We characterize the set of strategyproof, nonbossy, Pareto-optimal, and neutral social choice functions when preferences are monotonic and quantity-monotonic. The characterized sets of...
Persistent link: https://www.econbiz.de/10005596603
Both rematching proof and strong equilibrium outcomes are stable with respect to the true preferences in the marriage problem. We show that not all rematching proof or strong equilibrium outcomes are stable in the college admissions problem. But we show that both rematching proof and strong...
Persistent link: https://www.econbiz.de/10005753080
This paper studies the structure of stable multipartner matchings in two-sided markets where choice functions are quotafilling in the sense that they satisfy the substitutability axiom and, in addition, fill a quota whenever possible. It is shown that (i) the set of stable matchings is a lattice...
Persistent link: https://www.econbiz.de/10005147314
implementation via mechanisms with implementation via rights structures as introduced by Sertel (Designing rights: invisible hand … provide in a socio-legal system based on Nash’s demand game an implementation of the Nash bargaining solution in Debreu …
Persistent link: https://www.econbiz.de/10014497503
emerging behavior. We also investigate the subgame perfect implementation of pairwise stable and efficient networks. We …
Persistent link: https://www.econbiz.de/10005370563
implementation of the organization's objectives. We show that the introduction of a professional monitor (e.g. auditor, regulator …
Persistent link: https://www.econbiz.de/10005370566
Persistent link: https://www.econbiz.de/10005370570