Ratification and veto constraints in mechanism design

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Ratification and veto constraints in mechanism design

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Dequiedt, V.

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Vianney Dequiedt

Abstract

The 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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Paper provided by Grenoble Applied Economics Laboratory (GAEL) in its series Working Papers with number 200606.

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Date of creation: 2006
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Handle: RePEc:gbl:wpaper:200606

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C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy-Making and Implementation
D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information

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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