Sincere and sophisticated players in an equal-income market

A-Tier
Journal: Journal of Economic Theory
Year: 2015
Volume: 157
Issue: C
Pages: 1114-1129

Score contribution per author:

4.022 = (α=2.01 / 1 authors) × 2.0x A-tier

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

Abstract

We study the simultaneous direct revelation mechanism associated with each equal-income competitive social choice function in the allocation of objects and money among sincere and strategic agents. Strategic agents take advantage of sincere agents. They non-cooperatively coordinate on the equal-income competitive allocations for the true preferences that are Pareto undominated for them within the set of equal-income competitive allocations. Sincere agents are protected to some extent, however. Their welfare is usually above their maximin payoff.

Technical Details

RePEc Handle
repec:eee:jetheo:v:157:y:2015:i:c:p:1114-1129
Journal Field
Theory
Author Count
1
Added to Database
2026-01-29