A mechanism to pick the deserving winner

Identificador:  PC:2284

Handle: https://hdl.handle.net/20.500.11797/PC2284

Autors:  Moskalenko, Anna

Resum:
A group of individuals is choosing an individual (the winner) among themselves, when the identity of the deserving winner is a common knowledge among individuals. A simple mechanism of voting by veto is proposed as an alternative to the mechanism studied by Amorós (2011). Like Amorós’(2011), the suggested mechanism implements the socially desirable outcome (the deserving winner is chosen) in subgame perfect equilibria. Keywords: Implementation, mechanism design, subgame perfect equilibrium, individuals choosing among themselves, voting by veto. JEL classification: C72, D71, D78