Full implementation of rank-dependent prizes
A manager/mechanism designer must allocate a set of money prizes ($1,$2,…,$n) between n agents working in a team. The agents know the state, i.e., who contributed most, second most, etc. The agents’ preferences over prizes are state independent. We incorporate the possibility that the manager knows the state with a tiny probability and present a simple mechanism that uniquely awards prizes that respect the true state.
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References listed on IDEAS
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- Eric Maskin, 1999.
"Nash Equilibrium and Welfare Optimality,"
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- Bognanno, Michael L, 2001. "Corporate Tournaments," Journal of Labor Economics, University of Chicago Press, vol. 19(2), pages 290-315, April.
- Navin Kartik & Olivier Tercieux, 2012.
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- Ben-Porath, Elchanan & Lipman, Barton L., 2012.
"Implementation with partial provability,"
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Elsevier, vol. 147(5), pages 1689-1724.
- Barton L. Lipman & Elchanan Ben-Porath, 2010. "Implementation with Partial Provability," Boston University - Department of Economics - Working Papers Series WP2010-018, Boston University - Department of Economics.
- Hitoshi Matsushima, 2006.
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CIRJE-F-405, CIRJE, Faculty of Economics, University of Tokyo.
- Matsushima, Hitoshi, 2008.
"Behavioral aspects of implementation theory,"
Elsevier, vol. 100(1), pages 161-164, July.
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