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Distributing Awards Efficiently: More on King Solomon’s Problem

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  • Bag, P.K.
  • Sabourian, H.

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.econ.cam.ac.uk/research/repec/cam/pdf/cwpe0418.pdf
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Bibliographic Info

Paper provided by Faculty of Economics, University of Cambridge in its series Cambridge Working Papers in Economics with number 0418.

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Length: 21
Date of creation: Mar 2004
Date of revision:
Handle: RePEc:cam:camdae:0418

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Web page: http://www.econ.cam.ac.uk/index.htm

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Keywords: Solomon’s problem; prizes; implementation;

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  1. Perry, M. & Reny, P.J., 1995. "A General Solution to King Solomon's Dilemma," Papers 9581, Tilburg - Center for Economic Research.
  2. 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.
  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. Mihara, H. Reiju, 2008. "The second-price auction solves King Solomon's dilemma," MPRA Paper 8801, University Library of Munich, Germany.
  2. 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.
  3. Guha, Brishti, 2014. "Reinterpreting King Solomon's problem: Malice and mechanism design," Journal of Economic Behavior & Organization, Elsevier, vol. 98(C), pages 125-132.
  4. Georgy Artemov, 2006. "Imminent Nash Implementation as a Solution to King Solomon's Dilemma," Economics Bulletin, AccessEcon, vol. 4(14), pages 1-8.
  5. repec:ebl:ecbull:v:4:y:2006:i:14:p:1-8 is not listed on IDEAS

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