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In this paper, we study the Nash implementation in an allocation problem with single-dipped preferences. We show that, with at least three agents, Maskin monotonicity is necessary and sufficient for implementation. We examine the implementability of various social choice correspondences (SCCs)...
Persistent link: https://www.econbiz.de/10009753711
This paper investigates the robustness of Dutta and Sen's (2012) Theorem 1 to weaker notions of truth-telling. An individual honesty standard is modeled as a subgroup of the society, including the individual herself, for which she feels truth-telling concerns. An individual i is honest when she...
Persistent link: https://www.econbiz.de/10011599087
We consider a connection networks model. Every agent has a demand in the form of pairs of locations she wants connected, and a willingness to pay for connectivity. A planner aims at implementing a welfare maximizing network and allocating the resulting cost, but information is asymmetric: agents...
Persistent link: https://www.econbiz.de/10012242016
A partially-honest individual is a person who follows the maxim, "Do not lie if you do not have to" to serve your material interest. By assuming that the mechanism designer knows that there is at least one partially-honest individual in a society of n ≥ 3 individuals, a social choice rule...
Persistent link: https://www.econbiz.de/10011755972
We study the repeated implementation of social choice functions in environments with complete information and changing preferences. We de?ne dynamic mono- tonicity, a natural but nontrivial dynamic extension of Maskin monotonicity, and show that it is necessary and almost suf?cient for repeated...
Persistent link: https://www.econbiz.de/10011704811
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Strategy-proofness, requiring that truth-telling be a dominant strategy, is a standard concept in social choice theory. However, this concept has serious drawbacks. In particular, many strategy-proof mechanisms have multiple Nash equilibria, some of which produce the wrong outcome. A possible...
Persistent link: https://www.econbiz.de/10011702527
I show how improper conditioning of beliefs can reduce contribution in public goods environments with interdependent values. I consider a simple model of a binary, excludable public good. In equilibrium, provision of the public good is good news about its value. Naive players who condition...
Persistent link: https://www.econbiz.de/10011190981