Eliciting the socially optimal allocation from responsible agents

Details

Serval ID
serval:BIB_FFDF8F516BB8
Type
Article: article from journal or magazin.
Collection
Publications
Institution
Title
Eliciting the socially optimal allocation from responsible agents
Journal
Journal of Mathematical Economics
Author(s)
Doğan B.
ISSN
0304-4068
Publication state
Published
Issued date
12/2017
Peer-reviewed
Oui
Volume
73
Pages
103-110
Language
english
Abstract
We consider designing a mechanism to allocate objects among agents without monetary transfers. There is a socially optimal allocation, which is commonly known by the agents but not observable by the designer. The designer possibly has information about the existence of responsible agents. A responsible agent, when indifferent between his objects at two different allocations, prefers the first allocation to the second if the first allocation is closer to the optimal allocation than the second, in the sense that all the agents who are allocated their optimal objects in the second allocation are allocated their optimal objects also in the first allocation, and there is at least one more agent in the first allocation receiving his optimal object. We show that, if the designer knows that there are at least three responsible agents, even if the identities of the responsible agents are not known, the optimal allocation can be elicited.
Keywords
Nash equilibrium, Implementation, Responsible agents
Create date
20/10/2017 10:10
Last modification date
20/08/2019 17:30
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