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DECENT ALGEBRAIC SPACES Contents

Decent Algebraic Spaces 06nk

Implementation by decent mechanisms ¤

We address the design of optimal mechanisms for bargaining problems subject to incomplete information on reservation values. We characterize decent rules, those that are Pareto Optimal in the constrained set of rules satisfying strategy proofness, individual rationality and weak e±ciency a condition on ex-post e±ciency. We prove that for given concave utilities of the agents, the decent rule is...

A decent proposal

In this paper we explore the notion that players are “decent” in the sense that their choices are bounded by certain unwritten social rules. We apply this idea to problems of Bankruptcy and Implementation. JEL Classification: D78, D63