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A mechanism to pick the deserving winner

Author

Listed:
  • Anna Moskalenko

    (Universitat Rovira i Virgili)

Abstract

A group of individuals is choosing an individual (the winner) among themselves, when the identity of the deserving winner is a common knowledge among individuals. A simple mechanism of voting by veto is proposed as an alternative to the mechanism studied by Amorós (2011). Like Amorós'(2011), the suggested mechanism implements the socially desirable outcome (the deserving winner is chosen) in subgame perfect equilibria.

Suggested Citation

  • Anna Moskalenko, 2015. "A mechanism to pick the deserving winner," Economics Bulletin, AccessEcon, vol. 35(3), pages 1543-1549.
    • Handle: RePEc:ebl:ecbull:eb-14-01005
    as

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    File URL: http://www.accessecon.com/Pubs/EB/2015/Volume35/EB-15-V35-I3-P155.pdf
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    References listed on IDEAS

    as
    1. Matthew O. Jackson, 1992. "Implementation in Undominated Strategies: A Look at Bounded Mechanisms," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 59(4), pages 757-775.
    2. Abreu, Dilip & Sen, Arunava, 1990. "Subgame perfect implementation: A necessary and almost sufficient condition," Journal of Economic Theory, Elsevier, vol. 50(2), pages 285-299, April.
    3. Eric Maskin, 1999. "Nash Equilibrium and Welfare Optimality," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 66(1), pages 23-38.
    4. Amorós, Pablo, 2011. "A natural mechanism to choose the deserving winner when the jury is made up of all contestants," Economics Letters, Elsevier, vol. 110(3), pages 241-244, March.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Amorós, Pablo, 2016. "Subgame perfect implementation of the deserving winner of a competition with natural mechanisms," Mathematical Social Sciences, Elsevier, vol. 83(C), pages 44-57.
    2. Doğan, Battal, 2017. "Eliciting the socially optimal allocation from responsible agents," Journal of Mathematical Economics, Elsevier, vol. 73(C), pages 103-110.
    3. Pablo Amorós, 2014. "Conditions on the jury for the natural implementation of the deserving winner of a contest," Working Papers 2014-01, Universidad de Málaga, Department of Economic Theory, Málaga Economic Theory Research Center.
    4. Ascensión Andina Díaz & José A. García-Martínez, 2015. "A theory of media self-silence," Working Papers 2015-05, Universidad de Málaga, Department of Economic Theory, Málaga Economic Theory Research Center.

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    More about this item

    Keywords

    Implementation; mechanism design; subgame perfect equilibrium; individuals choosing among themselves; voting by veto.;
    All these keywords.

    JEL classification:

    • D7 - Microeconomics - - Analysis of Collective Decision-Making
    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory

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