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Imminent Nash Implementation as a Solution to King Solomon's Dilemma

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Author Info
Georgy Artemov () (Brown University)
Abstract

This paper offers a solution to King Solomon's problem of allocating an indivisible "prize" to two agents. We add time dimension to the original space of outcomes and construct a static mechanism similar to the one used in virtual implementation. The implementation is imminent: the mechanism results in the original outcome, which is provided with an arbitrarily small delay.

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File URL: http://economicsbulletin.vanderbilt.edu/2006/volume4/EB-06D70005A.pdf
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Publisher Info
Article provided by Economics Bulletin in its journal Economics Bulletin.

Volume (Year): 4 (2006)
Issue (Month): 14 ()
Pages: 1-8
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:ebl:ecbull:v:4:y:2006:i:14:p:1-8

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Related research
Keywords: implementation; Solomon's problem; time;

Find related papers by JEL classification:
D7 - Microeconomics - - Analysis of Collective Decision-Making
C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory

References listed on IDEAS
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  1. Glazer, Jacob & Ma, Ching-To Albert, 1989. "Efficient allocation of a "prize"-King Solomon's dilemma," Games and Economic Behavior, Elsevier, vol. 1(3), pages 222-233, September. [Downloadable!] (restricted)
  2. Rubinstein, Ariel, 1982. "Perfect Equilibrium in a Bargaining Model," Econometrica, Econometric Society, vol. 50(1), pages 97-109, January. [Downloadable!] (restricted)
  3. Roberto Serrano, 2003. "The Theory of Implementation of Social Choice Rules," Economics Working Papers 0033, Institute for Advanced Study, School of Social Science. [Downloadable!]
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  4. Olszewski, Wojciech, 2003. "A simple and general solution to King Solomon's problem," Games and Economic Behavior, Elsevier, vol. 42(2), pages 315-318, February. [Downloadable!] (restricted)
  5. Maskin, Eric, 1999. "Nash Equilibrium and Welfare Optimality," Review of Economic Studies, Blackwell Publishing, vol. 66(1), pages 23-38, January. [Downloadable!] (restricted)
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  6. Dutta, Bhaskar & Sen, Arunava, 1991. "A Necessary and Sufficient Condition for Two-Person Nash Implementation," Review of Economic Studies, Blackwell Publishing, vol. 58(1), pages 121-28, January. [Downloadable!] (restricted)
  7. Perry, Motty & Reny, Philip J., 1999. "A General Solution to King Solomon's Dilemma," Games and Economic Behavior, Elsevier, vol. 26(2), pages 279-285, January. [Downloadable!] (restricted)
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  8. Bag, Parimal Kanti & Sabourian, Hamid, 2005. "Distributing awards efficiently: More on King Solomon's problem," Games and Economic Behavior, Elsevier, vol. 53(1), pages 43-58, October. [Downloadable!] (restricted)
    Other versions:
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