Calendrier du 04 décembre 2017
Roy Seminar (ADRES)
Du 04/12/2017 de 17:00 à 18:30
Salle R1-09, Campus Jourdan, 48 boulevard Jourdan, 75014 Paris
KLAUS Bettina ()
Serial Dictatorship Mechanisms with Reservation Prices
Abstract: We propose a new set of mechanisms, which we call serial dictatorship mechanisms with reservation prices for the allocation of one indivisible good. We show that a mechanism satisfies minimal tradability, individual rationality, strategy-proofness, consistency, and non wasteful tie-breaking if and only if there exists a reservation price vector and a priority ordering such that the mechanism is a serial dictatorship mechanism with reservation prices. We obtain a second characterization by replacing individual rationality with non-imposition. In both our characterizations the reservation price vector, the priority ordering, and the mechanism are all found simultaneously and endogenously from the properties. In addition, we show that in our model a mechanism satisfies Pareto efficiency, strategy-proofness, and consistency if and only if it is welfare equivalent to a classical serial dictatorship. Finally, we illustrate how the normative requirements governing the functioning of some real life markets and the mechanisms that these markets use are reasonably well captured by our model and results.
Régulation et Environnement
Du 04/12/2017 de 12:00 à 14:00
Salle R1-15, Campus Jourdan, 48 boulevard Jourdan, 75014 Paris
SCHUMACHER Ingmar ()
Mitigation strategies when faced with the threat of solar radiation management
Paris Game Theory Seminar
Du 04/12/2017 de 11:00 à 12:00
salle 01 (rez-de-chaussée) au Centre Emile Borel de l'Institut Henri Poincaré, 11 rue Pierre et Marie Curie, Paris 5ème
PRADELSKI Bary (ETH Zurich)
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