Please use this identifier to cite or link to this item:
http://dspace.mediu.edu.my:8181/xmlui/handle/10261/1925| Title: | In whose backyard? A generalized bidding approach |
| Keywords: | Externalities Bidding Implementation |
| Description: | We analyze situations in which a group of agents (and possibly a designer) have to reach a decision that will affect all the agents. Examples of such scenarios are the location of a nuclear reactor or the siting of a major sport event. To address the problem of reaching a decision, we propose a one-stage multi-bidding mechanism where agents compete for the project by submitting bids. All Nash equilibria of this mechanism are efficient. Moreover, the payoffs attained in equilibrium by the agents satisfy intuitively appealing lower bounds. Pérez-Castrillo gratefully acknowledges financial support from the DGES PB97-018 and SGR96-75. |
| URI: | http://dspace.mediu.edu.my:8181/xmlui/handle/10261/1925 |
| Other Identifiers: | http://hdl.handle.net/10261/1925 |
| Appears in Collections: | Digital Csic |
Files in This Item:
There are no files associated with this item.
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.