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A natural mechanism to choose the deserving winner when the jury is made up of all contestants

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  • Amorós, Pablo

Abstract

We analyze the problem of a jury choosing the winner from a set of agents when the identity of the deserving winner is common knowledge amongst the jurors but each juror is biased in favor of one different agent. We propose a simple and natural mechanism that implements the socially optimal rule (the winner is the deserving winner) in subgame perfect equilibria.

Suggested Citation

  • 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.
    • Handle: RePEc:eee:ecolet:v:110:y:2011:i:3:p:241-244
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    References listed on IDEAS

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    1. Moore, John & Repullo, Rafael, 1988. "Subgame Perfect Implementation," Econometrica, Econometric Society, vol. 56(5), pages 1191-1220, September.
    2. Matsushima, Hitoshi, 2008. "Role of honesty in full implementation," Journal of Economic Theory, Elsevier, vol. 139(1), pages 353-359, March.
    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. 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.
    5. Amorós, Pablo, 2009. "Eliciting socially optimal rankings from unfair jurors," Journal of Economic Theory, Elsevier, vol. 144(3), pages 1211-1226, May.
    6. Amoros, Pablo & Corchon, Luis C. & Moreno, Bernardo, 2002. "The Scholarship Assignment Problem," Games and Economic Behavior, Elsevier, vol. 38(1), pages 1-18, January.
    7. 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.
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    Cited by:

    1. Anna Moskalenko, 2015. "A mechanism to pick the deserving winner," Economics Bulletin, AccessEcon, vol. 35(3), pages 1543-1549.

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    More about this item

    Keywords

    Mechanism design Contest Subgame perfect equilibrium;

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
    • D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation

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