Showing 1 - 10 of 75
Persistent link: https://www.econbiz.de/10001603075
Persistent link: https://www.econbiz.de/10001825748
Persistent link: https://www.econbiz.de/10002144537
In this paper we analyze sequencing situations under incomplete information where agents have interdependent costs. We first argue why Vickrey-Clarke-Groves (or VCG) mechanism fails to implement a simple sequencing problem in dominant strategies. Given this impossibility, we try to implement...
Persistent link: https://www.econbiz.de/10011538943
Persistent link: https://www.econbiz.de/10001607509
Persistent link: https://www.econbiz.de/10001786453
Persistent link: https://www.econbiz.de/10001568018
Persistent link: https://www.econbiz.de/10001702945
Persistent link: https://www.econbiz.de/10009349670
In a sequencing problem with linear time cost, Suijs (1996) proved that it is possible to achieve first best. By first best we mean that one can find mechanisms that satisfy efficiency of decision, dominant strategy incentive compatibility and budget balancedness. In this paper we show that...
Persistent link: https://www.econbiz.de/10011538720