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Distributing Awards Efficiently: More on King Solomon's Problem

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Author Info
Parimal Kanti Bag; Hamid Sabourian

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Abstract

We consider a multi-awards generalization of King Solomon's problem: $k$ identical and indivisible awards should be distributed among $n$ agents, $k1)$ prizes efficiently in subgame 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 a generalization of Olszewski's (2003) mechanism

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Publisher Info
Paper provided by Econometric Society in its series Econometric Society 2004 North American Summer Meetings with number 257.

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Date of creation: 11 Aug 2004
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Handle: RePEc:ecm:nasm04:257

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Related research
Keywords: Solomon's problem; prizes; implementation;

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Find related papers by JEL classification:
D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy-Making and Implementation

References listed on IDEAS
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.:

  1. 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. [Downloadable!] (restricted)
  2. 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. [Downloadable!] (restricted)
  3. 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. [Downloadable!] (restricted)
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(explanations, 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.)

  1. Mihara, H. Reiju, 2008. "The second-price auction solves King Solomon's dilemma," MPRA Paper 8801, University Library of Munich, Germany. [Downloadable!]
  2. Georgy Artemov, 2006. "Imminent Nash Implementation as a Solution to King Solomon's Dilemma," Economics Bulletin, Economics Bulletin, vol. 4(14), pages 1-8. [Downloadable!]
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