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Consider a society with two sectors (issues or objects) that faces a design problem. Suppose that the sector-2 dimension of the design problem is fixed and represented by a mechanism Γ², and that the designer operates under this constraint for institutional reasons. A sector-1 mechanism Γ¹...
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In many situations, agents are involved in an allocation problem that is followed by another allocation problem whose optimal solution depends on how the former problem has been solved. In this paper, we take this dynamic structure of allocation problems as an institutional constraint. By...
Persistent link: https://www.econbiz.de/10014034984
Agents are farsighted when they consider the ultimate consequences of their actions. We re-examine the classical questions of implementation theory under complete information in a setting with transfers, where farsighted coalitions are considered fundamental behavioral units, and the equilibrium...
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Rotation programs are widely used in societies. Some examples are job rotations, rotation schemes in the management of common-pool resources, and rotation procedures in fair division problems. We study rotation programs via the implementation of Pareto efficient social choice rules under...
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Given the framework introduced by Dutta and Sen (2012), this paper offers a comprehensive analysis of (Nash) implementation with partially honest agents when there are three or more participants. First, it establishes a condition which is necessary and sufficient for implementation. Second, it...
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