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Persistent link: https://www.econbiz.de/10014393167
We study the design of mechanisms without money for repeated allocation of resources among competing agents. Such mechanisms are gaining widespread use in allocating physical and/or computing resources in universities and companies, and also distributing of public goods like vaccines among...
Persistent link: https://www.econbiz.de/10012855073
A seller in an online marketplace with an effective reputation mechanism should expect that dishonest behavior results in higher payments now, while honest behavior results in higher reputation – and thus higher payments – in the future. We study two widely used classes of reputation...
Persistent link: https://www.econbiz.de/10013144265
Persistent link: https://www.econbiz.de/10010461867
Recent years have seen extensive investigation of the information aggregation properties of markets. However, relatively little is known about conditions under which a market will aggregate the private information of rational risk averse traders who optimize their portfolios over time; in...
Persistent link: https://www.econbiz.de/10013133714