Distributing awards efficiently: More on King Solomon's problem
AbstractWe consider a multi-award generalisation of King Solomonâs 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 Olszewskiâs (2003) mechanism.
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Bibliographic InfoArticle provided by Elsevier in its journal Games and Economic Behavior.
Volume (Year): 53 (2005)
Issue (Month): 1 (October)
Contact details of provider:
Web page: http://www.elsevier.com/locate/inca/622836
Other versions of this item:
- Bag, P.K. & Sabourian, H., 2004. "Distributing Awards Efficiently: More on King Solomon’s Problem," Cambridge Working Papers in Economics 0418, Faculty of Economics, University of Cambridge.
- Parimal Kanti Bag; Hamid Sabourian, 2004. "Distributing Awards Efficiently: More on King Solomon's Problem," Econometric Society 2004 North American Summer Meetings 257, Econometric Society.
- D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- 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.
- 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.
- 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.
- Georgy Artemov, 2006. "Imminent Nash Implementation as a Solution to King Solomon's Dilemma," Economics Bulletin, AccessEcon, vol. 4(14), pages 1-8.
- 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.
- Mihara, H. Reiju, 2008.
"The second-price auction solves King Solomon's dilemma,"
8801, University Library of Munich, Germany.
- 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.
- repec:ebl:ecbull:v:4:y:2006:i:14:p:1-8 is not listed on IDEAS
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