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Solomon's Dilemma: An experimental study on dynamic implementation

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  • Giovanni Ponti

    ()

  • Anita Gantner
  • Dunia López-Pintado
  • Robert Montgomery

Abstract

This paper reports an experimental investigation on two mechanisms for the so-called King Solomon Dilemma, where one of them fails to implement the social choice rule dynamically. We compare the two mechanisms in terms of their welfare, incentive and learning properties. Copyright Springer-Verlag Berlin/Heidelberg 2003

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File URL: http://hdl.handle.net/10.1007/s10058-003-0100-4
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Bibliographic Info

Article provided by Springer in its journal Review Economic Design.

Volume (Year): 8 (2003)
Issue (Month): 2 (October)
Pages: 217-239

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Handle: RePEc:spr:reecde:v:8:y:2003:i:2:p:217-239

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Related research

Keywords: Experiments; implementation; backward induction; bounded rationality;

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References

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  1. Mookherjee Dilip & Sopher Barry, 1994. "Learning Behavior in an Experimental Matching Pennies Game," Games and Economic Behavior, Elsevier, vol. 7(1), pages 62-91, July.
  2. Antonio Cabrales & Giovanni Ponti, 2000. "Implementation, Elimination of Weakly Dominated Strategies and Evolutionary Dynamics," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 3(2), pages 247-282, April.
  3. Borgers, Tilman & Sarin, Rajiv, 1997. "Learning Through Reinforcement and Replicator Dynamics," Journal of Economic Theory, Elsevier, vol. 77(1), pages 1-14, November.
  4. Cooper, R. & DeJong, D.W. & Ross, T.W., 1992. "Cooperation without Reputation: Experimental Evidence from Prisoner's Dilemma Games," Papers 36, Boston University - Industry Studies Programme.
  5. Jorgen W. Weibull, 1997. "Evolutionary Game Theory," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262731215, December.
  6. Nachbar, J H, 1990. ""Evolutionary" Selection Dynamics in Games: Convergence and Limit Properties," International Journal of Game Theory, Springer, vol. 19(1), pages 59-89.
  7. Karl H. Schlag, 1995. "Why Imitate, and if so, How? A Bounded Rational Approach to Multi-Armed Bandits," Discussion Paper Serie B 361, University of Bonn, Germany, revised Mar 1996.
  8. Abreu, Dilip & Matsushima, Hitoshi, 1992. "Virtual Implementation in Iteratively Undominated Strategies: Complete Information," Econometrica, Econometric Society, vol. 60(5), pages 993-1008, September.
  9. Gibbard, Allan, 1973. "Manipulation of Voting Schemes: A General Result," Econometrica, Econometric Society, vol. 41(4), pages 587-601, July.
  10. Charness, Gary B & Cabrales, Antonio & Corchon, Luis C, 2001. "An Experiment on Nash Implementation," University of California at Santa Barbara, Economics Working Paper Series qt8275577k, Department of Economics, UC Santa Barbara.
  11. McKelvey, Richard D & Palfrey, Thomas R, 1992. "An Experimental Study of the Centipede Game," Econometrica, Econometric Society, vol. 60(4), pages 803-36, July.
  12. K. Schlag, 2010. "Why Imitate, and if so, How? Exploring a Model of Social Evolution," Levine's Working Paper Archive 454, David K. Levine.
  13. Perry, M. & Reny, P.J., 1995. "A general solution to king Solomon's dilemma," Discussion Paper 1995-81, Tilburg University, Center for Economic Research.
  14. Binmore, Ken & McCarthy, John & Ponti, Giovanni & Samuelson, Larry & Shaked, Avner, 2002. "A Backward Induction Experiment," Journal of Economic Theory, Elsevier, vol. 104(1), pages 48-88, May.
  15. 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.
  16. Guth, Werner & Schmittberger, Rolf & Schwarze, Bernd, 1982. "An experimental analysis of ultimatum bargaining," Journal of Economic Behavior & Organization, Elsevier, vol. 3(4), pages 367-388, December.
  17. John H. Kagel & A. Alexander Elbittar, 2004. "King Solomon's Dilemma: A Laboratory Study on Implementation," Econometric Society 2004 North American Winter Meetings 592, Econometric Society.
  18. Katok, Elena & Sefton, Martin & Yavas, Abdullah, 2002. "Implementation by Iterative Dominance and Backward Induction: An Experimental Comparison," Journal of Economic Theory, Elsevier, vol. 104(1), pages 89-103, May.
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Cited by:
  1. Antonio Cabrales & Giovanni Ponti, . "Implementation, Elimination of Weakly Dominated Strategies and Evolotionary Dynamics," ELSE working papers 057, ESRC Centre on Economics Learning and Social Evolution.
  2. Pablo Brañas-Garza & Miguel Angel Durán & María Paz Espinosa, 2005. "The role of personal involvement and responsibility in dictatorial allocations: a classroom investigation," ThE Papers 05/21, Department of Economic Theory and Economic History of the University of Granada..
  3. repec:fth:calaec:6-98 is not listed on IDEAS

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