Fair divisions as attracting Nash equilibria of simple games

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Fair divisions as attracting Nash equilibria of simple games

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Galbiati, Marco

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Marco Galbiati

Abstract

We give a mechanism fully implementing envy-free divisions such that: strategy spaces are symmetric, the set of Nash equilibria is a global attractor for the best-reply dynamics. As a byproduct, undesired mixed-strategy equilibria are weeded out by the adjustment process.

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Publisher Info
Article provided by Elsevier in its journal Economics Letters.

Volume (Year): 100 (2008)
Issue (Month): 1 (July)
Pages: 72-75
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Handle: RePEc:eee:ecolet:v:100:y:2008:i:1:p:72-75

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Paper
- Marco Galbiati, 2006. "Fair Divisions as Attracting Nash Equilibria of Simple Games," Economics Working Papers ECO2006/24, European University Institute. [Downloadable!]

References listed on IDEAS
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Other versions:
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Cabrales, Antonio, 1999. "Adaptive Dynamics and the Implementation Problem with Complete Information," Journal of Economic Theory, Elsevier, vol. 86(2), pages 159-184, June. [Downloadable!] (restricted)
Other versions:
- Antonio Cabrales, 1996. "Adaptive Dynamics and the Implementation Problem with Complete Information," Economics Working Papers 179, Department of Economics and Business, Universitat Pompeu Fabra. [Downloadable!]
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Other versions:
- Saijo, T. & Tatamitani, Y. & Yamato, T., 1994. "Toward Natural Implementation," Papers 340, Osaka - Institute of Social and Economic Research.

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