Distributing Awards Efficiently: More on King Solomon’s Problem
AbstractWe 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.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Faculty of Economics, University of Cambridge in its series Cambridge Working Papers in Economics with number 0418.
Date of creation: Mar 2004
Date of revision:
Contact details of provider:
Web page: http://www.econ.cam.ac.uk/index.htm
Solomon’s problem; prizes; implementation;
Other versions of this item:
- Bag, Parimal Kanti & Sabourian, Hamid, 2005. "Distributing awards efficiently: More on King Solomon's problem," Games and Economic Behavior, Elsevier, vol. 53(1), pages 43-58, October.
- 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
This paper has been announced in the following NEP Reports:
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.
- 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.
- Mihara, H. Reiju, 2008. "The second-price auction solves King Solomon's dilemma," MPRA Paper 8801, University Library of Munich, Germany.
- 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.
- repec:ebl:ecbull:v:4:y:2006:i:14:p:1-8 is not listed on IDEAS
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Howard Cobb).
If references are entirely missing, you can add them using this form.