Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5072131 | Games and Economic Behavior | 2011 | 13 Pages |
Abstract
⺠We study a mechanism design problem where the outside option is a default game. ⺠Players can reject the mechanism and play the default game non-cooperatively. ⺠We show that some allocation rules are implemented only when some players reject. ⺠Rejection is useful since it enables a player to signal private information. ⺠We establish a condition under which rejection is not required for implementation.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Gorkem Celik, Michael Peters,