A natural mechanism to choose the deserving winner when the jury is made up of all contestants
AbstractWe 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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Bibliographic InfoPaper provided by Universidad de Málaga, Department of Economic Theory, Málaga Economic Theory Research Center in its series Working Papers with number 2010-07.
Length: 9 pages
Date of creation: Jul 2010
Date of revision:
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mechanism design; contests; subgame perfect equilibrium;
Other versions of this item:
- Amorós, Pablo, 2011. "A natural mechanism to choose the deserving winner when the jury is made up of all contestants," Economics Letters, Elsevier, vol. 110(3), pages 241-244, March.
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
- D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation
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- Matthew 0. Jackson, 1989.
"Implementation in Undominated Strategies - A Look at Bounded Mechanisms,"
833, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Jackson, Matthew O, 1992. "Implementation in Undominated.Strategies: A Look at Bounded Mechanisms," Review of Economic Studies, Wiley Blackwell, vol. 59(4), pages 757-75, October.
- 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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