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We consider the problem where agents bargain over their shares of a perfectly divisible commodity. The aim of this paper is to identify the class of bargaining solutions induced by dominant strategy implementable allocation rules. To this end, we characterize the class of dominant strategy...
Persistent link: https://www.econbiz.de/10014041039
We consider the implementation problem under incomplete information and interdependent values. This paper provides a necessary and sufficient condition for a social choice function to be ex post self-implementable in general environments. A social choice function is ex post self-implementable if...
Persistent link: https://www.econbiz.de/10014164511
This paper proposes new necessary and sufficient conditions for secure implementation. Our result says that especially in certain environments including matching environments, restricted monotonicity alone is necessary and sufficient for secure implementation.Our application of the result to a...
Persistent link: https://www.econbiz.de/10012985113
We consider full-truthfulNash implementation, which requires that truth telling by each agent should be a Nash equilibrium of a direct revelation mechanism, and that the set of Nash equilibriumoutcomes of the mechanismshould coincide with the f -optimal outcome. We showthat restricted...
Persistent link: https://www.econbiz.de/10003381992
We study dominant strategy implementation especially in economic environments. We first showthat in general environments, strategy-proofness and quasi-strong-non-bossiness together are necessary and sufficient for dominant strategy implementation via the associated direct revelationmechanism. We...
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