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A natural mechanism to choose the deserving winner when the jury is made up of all contestants

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  • Pablo Amorós

    ()
    (Department of Economic Theory, Universidad de Málaga)

Abstract

We analyze the problem of a jury choosing the winner from a set of agents when the identity of the deserving winner is common knowledge amongst the jurors but each juror is biased in favor of one di¤erent agent. We propose a simple and natural mechanism that implements the socially optimal rule (the winner is the deserving winner) in subgame perfect equilibria.

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File URL: http://webdeptos.uma.es/THEconomica/malagawpseries/Papers/METCwp2010-7.pdf
File Function: First version, 2010
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Bibliographic Info

Paper provided by Universidad de Málaga, Department of Economic Theory, Málaga Economic Theory Research Center in its series Working Papers with number 2010-07.

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Length: 9 pages
Date of creation: Jul 2010
Date of revision:
Handle: RePEc:mal:wpaper:2010-7

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Keywords: mechanism design; contests; subgame perfect equilibrium;

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  1. Abreu, Dilip & Sen, Arunava, 1990. "Subgame perfect implementation: A necessary and almost sufficient condition," Journal of Economic Theory, Elsevier, vol. 50(2), pages 285-299, April.
  2. Moore, John & Repullo, Rafael, 1988. "Subgame Perfect Implementation," Econometrica, Econometric Society, vol. 56(5), pages 1191-1220, September.
  3. Hitoshi Matsushima, 2007. "Role of Honesty in Full Implementation," CIRJE F-Series CIRJE-F-518, CIRJE, Faculty of Economics, University of Tokyo.
  4. Eric Maskin, 1998. "Nash Equilibrium and Welfare Optimality," Harvard Institute of Economic Research Working Papers 1829, Harvard - Institute of Economic Research.
  5. Matthew 0. Jackson, 1989. "Implementation in Undominated Strategies - A Look at Bounded Mechanisms," Discussion Papers 833, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  6. Amoros, Pablo & Corchon, Luis C. & Moreno, Bernardo, 2002. "The Scholarship Assignment Problem," Games and Economic Behavior, Elsevier, vol. 38(1), pages 1-18, January.
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