Implementable allocation rules
نویسندگان
چکیده
منابع مشابه
Characterizing implementable allocation rules in multi-dimensional environments
We study characterizations of implementable allocation rules when types are multi–dimensional, monetary transfers are allowed, and agents have quasi–linear preferences over outcomes and transfers. Every outcome is associated with a continuous valuation function that maps an agent’s type to his value for this outcome. Sets of types are assumed to be convex. Our main characterization theorem impl...
متن کاملSimple, Implementable Fiscal Policy Rules
This paper analyzes the scope for systematic rules-based fiscal activism in open economies. Relative to a balanced budget rule, automatic stabilizers significantly improve welfare. But they minimize fiscal instrument volatility rather than business cycle volatility. A more aggressively countercyclical tax revenue gap rule increases welfare gains by around 50 percent, with only modest increases ...
متن کاملOn combining implementable social choice rules
We study if (and when) the intersections and unions of social choice rules that are implementable with respect to a certain equilibrium concept are themselves implementable with respect to that equilibrium concept. While the results for dominant strategy equilibrium are mostly of negative nature, the situation is di¤erent in the case of Nash implementation. We nd that the union of any set of N...
متن کاملSecurely implementable social choice rules with partially honest agents
We define secure implementation with partially honest agents in a social choice model and we show that strategy-proofness is a necessary and sufficient condition for it. This result offers a behavioral foundation for rectangularity ; and it remains valid even with only one partially honest agent. We apply the concept to a single-crossing voting environment, and we prove that it characterizes th...
متن کاملOptimal Simple And Implementable Monetary and Fiscal Rules∗
The goal of this paper is to compute optimal monetary and fiscal policy rules in a real business cycle model augmented with sticky prices, a demand for money, taxation, and stochastic government consumption. We consider simple policy rules whereby the nominal interest rate is set as a function of output and inflation, and taxes are set as a function of total government liabilities. We require p...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: ACM SIGecom Exchanges
سال: 2008
ISSN: 1551-9031,1551-9031
DOI: 10.1145/1399589.1399593