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' prefer- ences 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 implement prizes that respects the true state.
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- Dutta, Bhaskar & Sen, Arunava, 2009.
"Nash Implementation with Partially Honest Individuals,"
The Warwick Economics Research Paper Series (TWERPS)
920, University of Warwick, Department of Economics.
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"Behavioral Aspects of Implementation Theory,"
CIRJE-F-523, CIRJE, Faculty of Economics, University of Tokyo.
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Journal of Economic Theory,
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- Barton L. Lipman & Elchanan Ben-Porath, 2010.
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Boston University - Department of Economics - Working Papers Series
WP2010-018, Boston University - Department of Economics.
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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.
- Maskin, Eric, 1999.
"Nash Equilibrium and Welfare Optimality,"
Review of Economic Studies,
Wiley Blackwell, vol. 66(1), pages 23-38, January.
- Eric Maskin, 1998. "Nash Equilibrium and Welfare Optimality," Harvard Institute of Economic Research Working Papers 1829, Harvard - Institute of Economic Research.
- Kartik, Navin & Tercieux, Olivier & Holden, Richard, 2014. "Simple mechanisms and preferences for honesty," Games and Economic Behavior, Elsevier, vol. 83(C), pages 284-290.
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