Les fondements incomplets de l’incomplétude : Une revue critique de la théorie des contrats incomplets
- Economics, Philosophy
h e incomplete contract theory sets all the models analyzing the causes and the consequences of contractual incompleteness resting on the standard rationality assumption. An incomplete contract is…
On decentralized incentive compatible mechanisms
- Computer ScienceEC '05
It is observed that in many common distributed environments computational entities can take advantage of the network structure to collect and distribute information, and a notion of partially informed environments is suggested.
A Solomonic Solution to Ownership Disputes: An Application to Blockchain Front-Running
- Computer ScienceSSRN Electronic Journal
A simultaneous report mechanism is proposed that resolves Solomon’s dilemma (using only ordinal preference information) and also eliminates blockchain front-running.
Behavioral Constraints on the Design of Subgame-Perfect Implementation Mechanisms
- EconomicsAmerican Economic Review
It is shown that subgame-perfect implementation mechanisms — which are based on off-equilibrium arbitration clauses that impose large fines for lying and the inappropriate use of arbitration — have severe behavioral constraints because the fines induce retaliation against legitimate uses of arbitration.
Implementation of the Lindahl Correspondance via Simple Indirect Mechanisms
Our paper proposes an original angle to study the free-rider problem in the provision of public goods when the regulator has no information about agents' preferences. For a given outcome -…
The Second-Price Auction Solves King Solomon’s Dilemma
This strikingly simple mechanism (modified auction) implements the desired outcome in iteratively weakly undominated strategies by introducing a small participation fee and the option (not) to participate in it.
King Solomon’s Dilemma: An Experimental Study on Implementation
This paper reports an experiment conducted to compare two mechanisms that provide solutions to the King Solomon’s Dilemma. One of them is proposed by Moore (1992) and the other by Perry and Reny…
On Decentralized Incentive Compatible Mechanisms for Partially Informed Environments
- Computer Science
It is observed that in many common distributed environments computational entities can take advantage of the network structure to collect and distribute information and suggest a notion of partially informed environments.
We investigate implementation of social choice functions that map from states to lotteries and may depend on factors other than agents' preferences. We assume that agents are not only purely…
SHOWING 1-10 OF 13 REFERENCES
Life in Egypt under Roman rule
The 25,000 perfectly preserved papyri unearthed from the dry sands of Egypt in the past 100 years yield insights into the life of ancient Egypt that are unequalled for any other ancient civilization.…
Effectivity functions in social choice
1. Introduction.- 1. Collective decisions and power structure.- 2. Social choice.- 3. Games and game forms.- 4. The effectivity functions of a game form.- 5. Effectivity functions and cooperative…
Game Theoretic Analysis of Voting in Committees
In this chapter we adopt the axiomatic approach in order to find (new) voting procedures to committees that are immune against deviations by coalitions of voters. We shall now describe our approach.…