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A natural mechanism to choose the deserving winner when the jury is made up of all contestants

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  • Amorós, Pablo

Abstract

We analyze the problem of a jury choosing the winner from a set of agents when the identity of the deserving winner is common knowledge amongst the jurors but each juror is biased in favor of one different agent. We propose a simple and natural mechanism that implements the socially optimal rule (the winner is the deserving winner) in subgame perfect equilibria.

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File URL: http://www.sciencedirect.com/science/article/B6V84-51MDS96-3/2/c89739b912cc291302ad3ff3d304645c
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Bibliographic Info

Article provided by Elsevier in its journal Economics Letters.

Volume (Year): 110 (2011)
Issue (Month): 3 (March)
Pages: 241-244

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Handle: RePEc:eee:ecolet:v:110:y:2011:i:3:p:241-244

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Web page: http://www.elsevier.com/locate/ecolet

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Keywords: Mechanism design Contest Subgame perfect equilibrium;

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  1. Matthew 0. Jackson, 1989. "Implementation in Undominated Strategies - A Look at Bounded Mechanisms," Discussion Papers 833, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  2. Amorós, Pablo, 2009. "Eliciting socially optimal rankings from unfair jurors," Journal of Economic Theory, Elsevier, vol. 144(3), pages 1211-1226, May.
  3. Abreu, Dilip & Sen, Arunava, 1990. "Subgame perfect implementation: A necessary and almost sufficient condition," Journal of Economic Theory, Elsevier, vol. 50(2), pages 285-299, April.
  4. Hitoshi Matsushima, 2007. "Role of Honesty in Full Implementation," CIRJE F-Series CIRJE-F-518, CIRJE, Faculty of Economics, University of Tokyo.
  5. Moore, John & Repullo, Rafael, 1988. "Subgame Perfect Implementation," Econometrica, Econometric Society, vol. 56(5), pages 1191-1220, September.
  6. Maskin, Eric, 1999. "Nash Equilibrium and Welfare Optimality," Review of Economic Studies, Wiley Blackwell, vol. 66(1), pages 23-38, January.
  7. Amoros, Pablo & Corchon, Luis C. & Moreno, Bernardo, 2002. "The Scholarship Assignment Problem," Games and Economic Behavior, Elsevier, vol. 38(1), pages 1-18, January.
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