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Persistent link: https://www.econbiz.de/10009266927
This paper studies the application of the notion of secure implementation (Cason, Saijo, Sjostrom, and Yamato, 2006; Saijo, Sjostrom, and Yamato, 2007) to the problem of allocating indivisible objects with monetary transfers. We propose a new domain-richness condition, termed as minimal richness. We...
Persistent link: https://www.econbiz.de/10014223471
This paper considers the object allocation problem introduced by Shapley and Scarf (1974). We study secure implementation (Saijo, Sjöström, and Yamato, 2007), that is, double implementation in dominant strategy and Nash equilibria. We prove that (i) an individually rational solution is...
Persistent link: https://www.econbiz.de/10003819988
This paper studies the application of the notion of secure implementation (Cason, Saijo, Sj¨ostr¨om, and Yamato, 2006; Saijo, Sj¨ostr¨om, and Yamato, 2007) to the problem of allocating indivisible objects with monetary transfers. We propose a new domain-richness condition, termed as minimal...
Persistent link: https://www.econbiz.de/10003556299
Persistent link: https://www.econbiz.de/10003747297
Persistent link: https://www.econbiz.de/10011548637
This paper studies the application of the notion of secure implementation (Cason, Saijo, Sjöström, and Yamato, 2006; Saijo, Sjöström, and Yamato, 2007) to the problem of allocating indivisible objects with monetary transfers. We propose a new domain-richness condition, termed as minimal...
Persistent link: https://www.econbiz.de/10010332239
Persistent link: https://www.econbiz.de/10003891281
This study considers Nash implementation in the problem of selecting an alternative when an agent has single-peaked preferences. We investigate condition μ (Moore and Repullo, 1990) and condition μ2 (Moore and Repullo, 1990; Dutta and Sen, 1991), which are necessary and sufficient conditions for...
Persistent link: https://www.econbiz.de/10012966408
We consider full-truthfulNash implementation, which requires that truth telling by each agent should be a Nash equilibrium of a direct revelation mechanism, and that the set of Nash equilibriumoutcomes of the mechanismshould coincide with the f-optimal outcome. We showthat restricted...
Persistent link: https://www.econbiz.de/10010332282