Full implementation of rank-dependent prizes
Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt
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.
Originalsprog | Engelsk |
---|---|
Tidsskrift | Economics Letters |
Vol/bind | 119 |
Udgave nummer | 3 |
Sider (fra-til) | 261–263 |
Antal sider | 3 |
ISSN | 0165-1765 |
DOI | |
Status | Udgivet - jun. 2013 |
Bibliografisk note
JEL classification: D82
- Det Samfundsvidenskabelige Fakultet
Forskningsområder
ID: 96089284