Showing 1 - 8 of 8
Persistent link: https://www.econbiz.de/10001793040
We propose the minimum approval mechanism (MAM) for a standard linear public good environment with two players. Players simultaneously and privately choose their contributions to the public good in the first stage. In the second stage, they simultaneously decide whether to approve the other's...
Persistent link: https://www.econbiz.de/10009742003
Persistent link: https://www.econbiz.de/10003820050
Persistent link: https://www.econbiz.de/10003942060
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
Persistent link: https://www.econbiz.de/10011814665
Persistent link: https://www.econbiz.de/10012017485
Persistent link: https://www.econbiz.de/10012038132