1)$ 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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Paper provided by Econometric Society in its series Econometric Society 2004 North American Summer Meetings with number
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Keywords: Solomon's problem; prizes; implementation; Other versions of this item:
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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.:
- 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)
- 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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- 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.
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referencesCited by:
(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.)
- Mihara, H. Reiju, 2008.
"The second-price auction solves King Solomon's dilemma,"
MPRA Paper
8801, University Library of Munich, Germany.
[Downloadable!]
- Georgy Artemov, 2006.
"Imminent Nash Implementation as a Solution to King Solomon's Dilemma,"
Economics Bulletin,
Economics Bulletin, vol. 4(14), pages 1-8.
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