Showing 1 - 8 of 8
Persistent link: https://www.econbiz.de/10001555501
Persistent link: https://www.econbiz.de/10003576940
Persistent link: https://www.econbiz.de/10012589926
Persistent link: https://www.econbiz.de/10011556920
This paper considers mechanism design problems in environments with ambiguity-sensitive individuals. The novel idea of the paper is to introduce ambiguity in mechanisms so as to exploit the ambiguity sensitivity of individuals. We prove a revelation principle for the partial implementation of...
Persistent link: https://www.econbiz.de/10013123537
Persistent link: https://www.econbiz.de/10012798454
This paper studies a mechanism design model where the players and the designer are nodes in a communication network. We characterize the communication networks (directed graphs) for which, in any environment (utilities and beliefs), every incentive compatible social choice function is partially...
Persistent link: https://www.econbiz.de/10011689312
We consider a dynamic principal-agent problem, where the sole instrument the principal has to incentivize the agent is the disclosure of information. The principal aims at maximizing the (discounted) number of times the agent chooses the principal's preferred action. We show that there exists an...
Persistent link: https://www.econbiz.de/10014576723