Smooth multibidding mechanisms

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Smooth multibidding mechanisms

We propose a smooth multibidding mechanism for environments where a group of agents have to choose one out of several projects (possibly with the help of a social planner). Our proposal is related to the multibidding mechanism (Pérez-Castrillo and Wettstein, 2002) but it is “smoother” in the sense that small variations in an agent’s bids do not lead to dramatic changes in the probability of sel...

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ژورنال

عنوان ژورنال: Games and Economic Behavior

سال: 2012

ISSN: 0899-8256

DOI: 10.1016/j.geb.2012.07.003