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.
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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
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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-Making and Implementation
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- 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.
- 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.
- 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.
- repec:ebl:ecbull:v:4:y:2006:i:14:p:1-8 is not listed on IDEAS
- 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.
- Georgy Artemov, 2006. "Imminent Nash Implementation as a Solution to King Solomon's Dilemma," Economics Bulletin, AccessEcon, vol. 4(14), pages 1-8.
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