Implementation in largest consistent set via rights structures
Korpela Ville; Vartiainen Hannu; Lombardi Michele
Implementation in largest consistent set via rights structures
Korpela Ville
Vartiainen Hannu
Lombardi Michele
Elsevier
Julkaisun pysyvä osoite on:
https://urn.fi/URN:NBN:fi-fe2021093048756
https://urn.fi/URN:NBN:fi-fe2021093048756
Tiivistelmä
The designer's exercise consists of designing a rights structure that
formalizes the idea of power distribution in society. A solution is
implementable in largest consistent set by a rights structure if there
exists a rights structure such that for each preference profile, the
largest consistent set of the game played by agents coincides with the
set of outcomes that the solution would select for it. In a setting with
transfers, every Maskin monotonic solution is implementable. This
finding implies that the class of implementable solutions in core
equilibria is unaltered by farsighted reasoning.
Kokoelmat
- Rinnakkaistallenteet [19207]