Showing 1 - 10 of 116
This paper discusses the behavior of some well-known solutions to standard bargaining problems on the basis of solidarity-type axioms. The paper provides alternative axiomatizations of the egalitarian and the Kalai-Smorodinsky solutions
Persistent link: https://www.econbiz.de/10012733972
In this paper, we introduce the weak and the strong notions of partially honest agents (Dutta and Sen, 2012), and then study implementation by natural price-quantity mechanisms (Saijo et al., 1996, 1999) in pure exchange economies with three or more agents in which pure-consequentialistically...
Persistent link: https://www.econbiz.de/10011108539
Given the framework introduced by Dutta and Sen (2012), this paper offers a comprehensive analysis of (Nash) implementation with partially honest agents when there are three or more participants. First, it establishes a condition which is necessary and sufficient for implementation. Second, it...
Persistent link: https://www.econbiz.de/10011258792
We study Nash implementation by natural price-quantity mechanisms in pure exchange economies with free-disposal (Saijo et al., 1996, 1999) where agents have weak/strong intrinsic preferences for honesty (Dutta and Sen, 2012). Firstly, the Walrasian rule is shown tobe non-implementable where all...
Persistent link: https://www.econbiz.de/10011115235
In this paper, we introduce the weak and the strong notions of partially honest agents (Dutta and Sen, 2012), and then study implementation by natural price-quantity mechanisms (Saijo et al., 1996, 1999) in pure exchange economies with three or more agents in which pure-consequentialistically...
Persistent link: https://www.econbiz.de/10010841141
We study Nash implementation by natural price-quantity mechanisms in pure exchange economies with free-disposal (Saijo et al., 1996, 1999) where agents have weak/strong intrinsic preferences for honesty (Dutta and Sen, 2012). Firstly, the Walrasian rule is shown to be non-implementable where all...
Persistent link: https://www.econbiz.de/10010934350
Given the framework introduced by Dutta and Sen (2012), this paper offers a comprehensive analysis of (Nash) implementation with partially honest agents when there are three or more participants. First, it establishes a condition which is necessary and sufficient for implementation. Second, it...
Persistent link: https://www.econbiz.de/10011014400
Given the framework introduced by Dutta and Sen (2012), this paper offers a comprehensive analysis of (Nash) implementation with artially honest agents when there are three or more participants. First, it establishes a condition which is necessary and sufficient for implementation. Second, it...
Persistent link: https://www.econbiz.de/10011015104
The paper fully characterizes the class of Nash implementable social choice correspondences (SCCs) by mechanisms endowed with Saijo’s message space specification—<InlineEquation ID="IEq1"> <EquationSource Format="TEX">$$s$$</EquationSource> </InlineEquation>-mechanisms. This class of SCCs is equivalent to the class of Nash implementable SCCs, though any game form involving...</equationsource></inlineequation>
Persistent link: https://www.econbiz.de/10010993561
Three alternative characterizations of the proportional solution defined on compact and comprehensive bargaining problems with claims are provided. Two new contraction-type and expansion-type axioms are used. Moreover, the single-valuedness axiom is dispensable if the classical symmetry axiom is...
Persistent link: https://www.econbiz.de/10008866937