Ratification and veto constraints in mechanism design
AbstractThe note points out some restrictions imposed by the notion of ratification. This notion is widely used in the mechanism design literature that assumes that each agent has a veto power. We exhibit allocations that are note ratifiable and nevertheless can be implemented through a mechanism that gives veto power to the agents.
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Bibliographic InfoPaper provided by Grenoble Applied Economics Laboratory (GAEL) in its series Working Papers with number 200606.
Date of creation: 2006
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MECHANISM DESIGN; PARTICIPATION CONSTRAINTS; RATIFIABILITY; VETO;
Find related papers by JEL classification:
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-09-11 (All new papers)
- NEP-CDM-2006-09-11 (Collective Decision-Making)
- NEP-GTH-2006-09-11 (Game Theory)
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