Bierbrauer, Felix ORCID: 0000-0003-3879-9607 and Netzer, Nick (2016). Mechanism design and intentions. J. Econ. Theory, 163. S. 557 - 604. SAN DIEGO: ACADEMIC PRESS INC ELSEVIER SCIENCE. ISSN 1095-7235
Full text not available from this repository.Abstract
We introduce intention-based social preferences into mechanism design. We explore information structures that differ with respect to what is commonly known about the weight that agents attach to reciprocal kindness. When the designer has no information on reciprocity types, implementability of an incentive compatible social choice function is guaranteed if it satisfies an additional insurance property. By contrast, precise information on reciprocity types may imply that all efficient social choice functions are implementable. We show how these results extend to a two-dimensional mechanism design setting where the agents have private information about their material payoff types and their reciprocity types. We also provide a systematic account of the welfare implications of intentionality. (C) 2016 Elsevier Inc. All rights reserved.
Item Type: | Journal Article | ||||||||||||
Creators: |
|
||||||||||||
URN: | urn:nbn:de:hbz:38-277051 | ||||||||||||
DOI: | 10.1016/j.jet.2016.02.013 | ||||||||||||
Journal or Publication Title: | J. Econ. Theory | ||||||||||||
Volume: | 163 | ||||||||||||
Page Range: | S. 557 - 604 | ||||||||||||
Date: | 2016 | ||||||||||||
Publisher: | ACADEMIC PRESS INC ELSEVIER SCIENCE | ||||||||||||
Place of Publication: | SAN DIEGO | ||||||||||||
ISSN: | 1095-7235 | ||||||||||||
Language: | English | ||||||||||||
Faculty: | Faculty of Management, Economy and Social Sciences | ||||||||||||
Divisions: | Center of Excellence C-SEB Faculty of Management, Economics and Social Sciences > Economics > Macroeconomic, Financial and Economic Policy > Professorship for Macroeconomic |
||||||||||||
Subjects: | Economics | ||||||||||||
Uncontrolled Keywords: |
|
||||||||||||
Refereed: | Yes | ||||||||||||
URI: | http://kups.ub.uni-koeln.de/id/eprint/27705 |
Downloads
Downloads per month over past year
Altmetric
Export
Actions (login required)
View Item |