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Howard (1992) argues that the Nash bargaining solution is not Nash implementable, as it does not satisfy Maskin monotonicity. His arguments can be extended to other bargaining solutions as well. However, by defining a social choice correspondence that is based on the solution rather than on its...
Persistent link: https://www.econbiz.de/10010272596
Howard (1992) argues that the Nash bargaining solution is not Nash implementable, as it does not satisfy Maskin monotonicity. His arguments can be extended to other bargaining solutions as well. However, by defining a social choice correspondence that is based on the solution rather than on its...
Persistent link: https://www.econbiz.de/10009452531
and Sonnenschein (1975) that also generalizes the dcmechanism of Koray and Yildiz (2018) which relates implementation via … mechanisms with implementation via rights structures as introduced by Sertel (2001). In the second part we apply and illustrate … 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/10012606400
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
Howard (1992) argues that the Nash bargaining solution is not Nash implementable, as it does not satisfy Maskin monotonicity. His arguments can be extended to other bargaining solutions as well. However, by de.ning a social choice correspondence that is based on the solution rather than on its...
Persistent link: https://www.econbiz.de/10005002290
Persistent link: https://www.econbiz.de/10002178871
Persistent link: https://www.econbiz.de/10012508939
and Sonnenschein (1975) that also generalizes the dcmechanism of Koray and Yildiz (2018) which relates implementation via … mechanisms with implementation via rights structures as introduced by Sertel (2001). In the second part we apply and illustrate … 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/10012499554
Persistent link: https://www.econbiz.de/10013453305