Efficient and stable collective choices under gregarious preferences

B-Tier
Journal: Games and Economic Behavior
Year: 2008
Volume: 64
Issue: 2
Pages: 591-611

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We consider collective choice problems where a set of agents have to choose an alternative from a finite set and agents may or may not become users of the chosen alternative. An allocation is a pair given by the chosen alternative and the set of its users. Agents have gregarious preferences over allocations: given an allocation, they prefer that the set of users becomes larger. We require that the final allocation be efficient and stable (no agent can be forced to be a user and no agent who wants to be a user can be excluded). We propose a two-stage sequential mechanism whose unique subgame perfect equilibrium outcome is an efficient and stable allocation which also satisfies a maximal participation property.

Technical Details

RePEc Handle
repec:eee:gamebe:v:64:y:2008:i:2:p:591-611
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25