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Distributing awards efficiently: More on King Solomon's problem

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  • Bag, Parimal Kanti
  • Sabourian, Hamid

Abstract

We consider a multi-award generalisation of King Solomon’s problem: k identical and indivisible awards should be distributed among agents, k 1) prizes efficiently in sub-game perfect equilibria without any monetary transfers in equilibrium. Finally, in the multi-awards case we relax the complete information assumption and achieve implementation of efficient allocation by iterative elimination of weakly dominated strategies, using generalisation of Olszewski’s (2003) mechanism.

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File URL: http://www.sciencedirect.com/science/article/B6WFW-4DWVWS1-5/2/ac3eebb2232f49e2c4d9aa6390b4e082
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Bibliographic Info

Article provided by Elsevier in its journal Games and Economic Behavior.

Volume (Year): 53 (2005)
Issue (Month): 1 (October)
Pages: 43-58

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Handle: RePEc:eee:gamebe:v:53:y:2005:i:1:p:43-58

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Web page: http://www.elsevier.com/locate/inca/622836

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  1. Bag, Parimal Kanti, 1996. "Efficient Allocation of a "Pie": Divisible Case of King Solomon's Dilemma," Games and Economic Behavior, Elsevier, vol. 12(1), pages 21-41, January.
  2. 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.
  3. 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.
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Cited by:
  1. Cheng-Zhong Qin & Chun-Lei Yang, 2009. "Make a guess: a robust mechanism for King Solomon’s dilemma," Economic Theory, Springer, vol. 39(2), pages 259-268, May.
  2. Guha, Brishti, 2014. "Reinterpreting King Solomon's problem: Malice and mechanism design," Journal of Economic Behavior & Organization, Elsevier, vol. 98(C), pages 125-132.
  3. Georgy Artemov, 2006. "Imminent Nash Implementation as a Solution to King Solomon's Dilemma," Economics Bulletin, AccessEcon, vol. 4(14), pages 1-8.
  4. H. Reiju Mihara, 2012. "The Second-Price Auction Solves King Solomon'S Dilemma," The Japanese Economic Review, Japanese Economic Association, vol. 63(3), pages 420-429, 09.
  5. repec:ebl:ecbull:v:4:y:2006:i:14:p:1-8 is not listed on IDEAS

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