Choosing Wisely: A Multibidding Approach.

A multibidding mechanism that is budget-balanced is developed to address the problem of choosing an efficient project alternative by a group of agents with conflicting interests, based on the Nash equilibria. Findings reveal that all Nash equilibrium outcomes of the mechanism are efficient, that is...

Descripción completa

Detalles Bibliográficos

Publicado en:	American Economic Review Vol. 92; no. 5; pp. 1577 - 1588
Autores principales:	Pérez-Castrillo, David, Wettstein, David
Formato:	Artículo
Publicado:	American Economic Association December 2002
Materias:	Resource allocation > Mathematical models Economics Game theory Economic equilibrium Social choice Mathematical models
Acceso en línea:	Ver este registro en EBSCOhost