共查询到20条相似文献,搜索用时 0 毫秒
1.
Timothy N. Cason Tatsuyoshi Saijo Tomas Sjstrm Takehiko Yamato 《Games and Economic Behavior》2006,57(2):206-235
Strategy-proofness, requiring that truth-telling is a dominant strategy, is a standard concept used in social choice theory. Saijo, Sjöström and Yamato [Saijo, T., Sjöström, T., Yamato, T., 2003. Secure implementation: Strategy-proof mechanisms reconsidered. Working paper 4-03-1. Department of Economics, Pennsylvania State University] argue that this concept has serious drawbacks. In particular, many strategy-proof mechanisms have a continuum of Nash equilibria, including equilibria other than dominant strategy equilibria. For only a subset of strategy-proof mechanisms do the set of Nash equilibria and the set of dominant strategy equilibria coincide. For example, this double coincidence occurs in the Groves mechanism when preferences are single-peaked. We report experiments using two strategy-proof mechanisms. One of them has a large number of Nash equilibria, but the other has a unique Nash equilibrium. We found clear differences in the rate of dominant strategy play between the two. 相似文献
2.
3.
Ex-post implementation and preference aggregation via potentials 总被引:1,自引:0,他引:1
We introduce several notions of potentials for mechanism design problems with interdependent values, and relate them to implementation
in ex-post equilibrium. Whereas ex-post implementation is closely linked to the ordinal concept of best-alternative potentials, the celebrated Vickrey–Clarke–Groves mechanism corresponds to the stronger notion of a cardinal potential: agents agree not only on the best alternative, but also on the quantitative differences between all alternatives. We characterize
all valuations that allow for cardinal potentials, and use this characterization for: (1) Identifying valuations for which
ex-post implementation is possible; (2) Identifying classes of valuations for which all ex-post implementable choice rules
correspond to cardinal potentials. The latter allows us to extend to interdependent valuations a result for dominant strategy
implementation in private values settings, due to Roberts (The Characterization of Implementable Choice Rules, North-Holland,
Amsterdam, 1979).
We wish to thank an associate editor, two anonymous referees, Paul Milgrom and Burkhard Schipper for helpful comments and
stimulating remarks. 相似文献
4.
The prevalent term “auction fever” visualizes that ascending auctions – inconsistent with theory – are likely to provoke higher bids than one-shot auctions. To explore and isolate causes of auction fever experimentally, we design four different strategy-proof auction formats and order these according to expected rising bids based on pseudo-endowment effect arguments (psychological ownership and disparity between willingness to pay and willingness to accept). Observed revenues in the experiment in the four formats rank as expected if bidders have private uncertain values (the private information of a bidder is the distribution of her value). A control treatment supports our view that the traditional private certain values approach prevents auction fever in the laboratory. Another control treatment with a procurement auction relates the auction fever bids to bids in a one-shot auction with real endowments. We conclude that, when bidders are uncertain about their valuations, auctions that foster pseudo-endowment may raise bids and revenues. 相似文献
5.
We study the effects of the recent economic crisis on firms׳ bidding behavior and markups in sealed bid auctions. Using data from Austrian construction procurements, we estimate bidders׳ construction costs within a private value auction model. We find that markups of all bids submitted decrease by 1.5 percentage points in the recent economic crisis, markups of winning bids decrease by 3.3 percentage points. We also find that without the government stimulus package this decrease would have been larger. These two pieces of evidence point to pro-cyclical markups. 相似文献
6.
In the conceptual framework of adaptation policy assessment to climate change, adaptation measures can be categorized as two groups:facilitation and implementation. Facilitation measures refers to activities that enhance adaptive capacity, while implementation refers to activities that actually avoid adverse climate impacts on a system by reducing its exposure or sensitivity to climatic hazards, or by moderating relevant non-climatic factors. This paper aims to establish a matrix of implementation measures of adaptation to climate change, through four different ways how adaptation can influencc the relevant elements of climate change. reducing the exposure, reducing the sensitivity, alleviating the adverse impacts and reducing the negative non-climatic factors, and then further discuss the particular implementation measures of adaptation to climate change, through application studies on the selected sub-systems, intend to organize the disordered implementation measures in existent, and put forward some new measures under the guidance of this matrix, which could enrich and promote the system and content of implementation measures of adaptation. 相似文献
7.
Eduardo de Araujo Moretti Rosley Anholon Dirceu Silva Luis Antonio Santa-Eulalia Paulo Sérgio de Arruda Ignácio 《Technology Analysis & Strategic Management》2019,31(8):943-956
RFID (Radio Frequency Identification) systems are meant to increase accuracy and velocity in objects identification, supporting Industry 4.0. However, there are challenges that need to be faced. This paper aims to identify and analyse the main difficulties regarding RFID systems implementation. We combined both systematic literature review and survey methods with ninety RFID experts. Data was analysed through Exploratory Factor Analysis. Empirical evidences have led to three main factors explaining most of the variance: operational difficulties, planning difficulties and employee difficulties. This corroborates the literature with recent data sets and provides quantitative analysis for prioritisation during RFID implementation. Professionals can use these research results as a guide to RFID systems implementation to create preventive actions during implementation initiatives. In the context of the Internet of Things and Fourth Industrial Revolution, RFID is considered an emerging topic nowadays, but no similar studies exist in the scientific literature. 相似文献
8.
Cathrine Hagem 《Environmental and Resource Economics》1996,8(4):431-447
Joint Implementation (JI) under the Framework Convention on Climate Change means that countries could partly offset their national abatement commitments by investing in CO2 abatement projects abroad. JI is introduced as a mechanism for achieving a certain global abatement target less costly by separating the commitments from the implementation of measures. This paper studies the design of a JI contract when the investor has incomplete information about the foreign firm which carries out the JI project (the host). Asymmetric information leads to a decrease in the potential cost savings from JI. Furthermore, private information held by the potential host firm could give the firm a significant positive utility of participating in JI projects. The possibility of being a host for a JI project in the future can prevent potential host firms from investing in profitable abatement projects today. The paper analyzes the impact on emissions of CO2 of strategic behavior among potential hosts for JI projects. 相似文献
9.
Georgia Kosmopoulou 《Economic Theory》1999,13(1):229-237
Summary. An efficient, interim individually rational, ex post budget balanced Bayesian mechanism is shown to be payoff equivalent
to an ex post individually rational and ex ante budget balanced dominant strategy mechanism. This result simplifies the search
for mechanisms that implement efficient allocation rules by pointing to a class of Groves mechanisms. It eliminates the strict
requirement of common knowledge of priors and can be applied to many problems of incomplete information.
Received: October 22 1996; revised version: November 25, 1997 相似文献
10.
Nathasit Gerdsri Author Vitae Ronald S. Vatananan Author Vitae Author Vitae 《Technological Forecasting and Social Change》2009,76(1):50-60
Nowadays, companies are facing many challenges. The product life cycle is getting shorter while the complexity and the demand for product customization are increasing. Technology Roadmapping (TRM) has been widely used as a strategic management tool to help organizations in effectively identifying potential products or services for the future, determining proper technology alternatives, and mapping them with resource allocation plans. With the completion of TRM implementation, any organization can be assured that its required technologies and infrastructures will be ready when needed. Implementing TRM as a part of the ongoing strategic/business planning process is challenging because it may affect the organizational work process, structure, and culture. Therefore, an organization needs to understand how the changing roles and responsibilities of key players involved in the TRM process match with the dynamics of TRM implementation in each stage. This paper illustrates the dynamics of TRM implementation and presents a case study to demonstrate how one of the leading building product manufacturers in the ASEAN region went through the process. 相似文献
11.
When the implementation of regulations requires judgement, there is bound to be noise in the application of the rules, but is there bias in the noise such that policy innovation, in effect, occurs in implementation? We use a recently available large postcode data set on the MOT road safety testing in the UK to answer this question. There is significant bias: the probability of failing varies systematically across postcodes, day of the week and vehicle colour. A national policy is undermined by this variability and we suggest how policy might be adjusted to reduce this unintended policy innovation. 相似文献
12.
Nick Feltovich 《Experimental Economics》2003,6(3):273-297
The nonparametric Wilcoxon–Mann–Whitney test is commonly used by experimental economists for detecting differences in central tendency between two samples. This test is only theoretically appropriate under certain assumptions concerning the population distributions from which the samples are drawn, and is often used in cases where it is unclear whether these assumptions hold, and even when they clearly do not hold. Fligner and Pollicello's (1981, Journal of the American Statistical Association. 76, 162–168) robust rank-order test is a modification of the Wilcoxon–Mann–Whitney test, designed to be appropriate in more situations than Wilcoxon–Mann–Whitney. This paper uses simulations to compare the performance of the two tests under a variety of distributional assumptions. The results are mixed. The robust rank-order test tends to yield too many false positive results for medium-sized samples, but this liberalness is relatively invariant across distributional assumptions, and seems to be due to a deficiency of the normal approximation to its test statistic's distribution, rather than the test itself. The performance of the Wilcoxon–Mann–Whitney test varies hugely, depending on the distributional assumptions; in some cases, it is conservative, in others, extremely liberal. The tests have roughly similar power. Overall, the robust rank-order test performs better than Wilcoxon–Mann–Whitney, though when critical values for the robust rank-order test are not available, so that the normal approximation must be used, their relative performance depends on the underlying distributions, the sample sizes, and the level of significance used. 相似文献
13.
We present new survey evidence on pricing behavior for more than 14,000 European firms, and study its macroeconomic implications. Among firms that are price setters, roughly 75% respond that their prices are set as a markup on total costs, a business practice termed “full cost pricing”. Only 25% set prices as markups over variable or marginal costs. Moreover, using industry data for the U.S., we find that the correlation between changes in output prices and changes in variable input prices is significantly lower when fixed costs are likely to be more important.Since our results are similar to the findings in the classic and controversial paper of Hall and Hitch (1939) and subsequent survey evidence, we believe it worth studying the implications of full cost pricing for macroeconomics. We first propose a problem for the firm where full cost pricing can arise as optimizing behavior. We embed this problem, featuring an occasionally binding constraint, into a simple general equilibrium model. We show that when the model is hit by a shock that makes the constraint binding, the response of endogenous variables is amplified significantly more than it would be under the unconstrained regime. 相似文献
14.
Drawing upon research on personality, innovation and procedural justice, we examine the two-way and three-way interaction effects of people's status concerns (SC) and need for control (NC) on the relationship between a participative innovation implementation approach (PIIA) and procedural justice perceptions. The results indicate that SC and NC moderate the aforementioned relationship in a complex three-way manner. Those who have both high SC and high NC are the most sensitive to the PIIA in terms of procedural justice perceptions. The underlying psychological mechanisms are discussed. 相似文献
15.
John C. Ham 《Journal of public economics》2005,89(1):57-83
We examine Medicaid enrollment and private coverage loss following expansions of Medicaid eligibility. We attempt to replicate Cutler and Gruber's [Q. J. Econ. 111 (1996) 391.] results using the Survey of Income and Program Participation (SIPP), and find smaller rates of take-up and little evidence of crowding out. We find that some of the difference in results can be attributed to different samples and recall periods in the data sets used. Extending the previous literature, we find that take-up is slightly increased if a child's siblings are eligible and with time spent eligible. Focusing on children whose eligibility status changes during the sample, we estimate smaller take-up effects. We find little evidence of crowding out in any of our extensions. 相似文献
16.
Employer matching of employee 401(k) contributions is often touted as a powerful incentive to save for retirement and is a key component in pension-plan design in the United States. Using detailed administrative contribution, earnings, and pension-plan data from the Health and Retirement Study, this analysis formulates a life-cycle-consistent econometric specification of 401(k) saving and estimates the determinants of saving accounting for non-linearities in the household budget set induced by matching. The participation estimates indicate that an increase in the match rate by 25 cents per dollar of employee contribution raises 401(k) participation by 5 percentage points. The parametric and semi-parametric estimates for saving indicate that an increase in the match rate by 25 cents per dollar of employee contribution raises 401(k) saving by $365 (in 1991 dollars). Overall, the analysis reveals that the 401(k) saving response to matching is quite inelastic, and, hence, matching is a rather poor policy instrument with which to raise retirement saving. 相似文献
17.
This article investigates the impact of a private health insurance (PHI) subsidy on the demand for PHI in the context of the Australian health care system. In particular, we focus on the subpopulation of elderly Australians and exploit discontinuous increases to the universal ‘PHI rebate’ that occur when people turn 65 and 70 years. Using a regression discontinuity design, we find the policy has little effect on take-up of PHI and is best interpreted as a wealth transfer to elderly Australians who already have insurance. 相似文献
18.
Bradley J. Ruffle 《Journal of public economics》2005,89(8):1519-1542
A basic tenet in microeconomics is tax incidence equivalence, which holds that the burden of a unit tax on buyers and sellers is independent of who actually pays the tax. By contrast, policymakers and the public often mistake statutory incidence for economic incidence. Using competitive laboratory markets, I test both tax incidence equivalence and an analogous theorem for subsidies. For sufficiently large markets, the results show strong support for both theories; there is little to no evidence, even in the short run, of the popular misperception that statutory incidence equals economic incidence. In smaller markets in which competitive forces are weaker and relative bargaining strengths may play a role, the evidence for tax incidence equivalence is weaker as minor price discrepancies may persist between markets. 相似文献
19.
大部分研究贸易对就业影响的中文文献关注的均是制造业行业,忽视了贸易对第三产业就业的影响,同时所采用的制造业行业数据中也没有包含私营和个体企业的就业人数,因此也忽略了贸易对私营和个体企业就业的影响。本文利用1998-2007年中国的省际分行业数据,采用联立方程组模型,研究了贸易自由化对第三产业就业和个体、私营企业就业的影响。研究结果显示,虽然服务业贸易占贸易和服务业产值的比重很小,对就业的直接影响不大,但是贸易自由化可以通过拉动经济增长有效促进第三产业就业,特别是对零售、仓储、建筑、居民服务、餐饮、住宿、电力煤气和水的供应这些行业的作用尤为明显。同时,贸易自由化程度的加深对制造业行业和第三产业的个体、私营性质企业的就业促进作用也很显著。 相似文献
20.
本文在一个累积创新框架下分析了各种创新支持政策的作用机理,并检验了我国相应政策工具在促进私人研发作用上的有效性。运用我国地区大中型工业企业数据进行系统GMM估计发现,直接资助以及高校提供的公共研发对企业私人研发产生替代效应,科研机构提供的公共研发对企业研发具有促进效应,而专利保护政策对企业研发具有不显著的负向影响。结合理论分析与经验结果,本文推断:信息不对称和项目的不可验证性导致的道德风险,高校研发以应用技术为主的导向未得到根本转变以及企业整体创新能力偏低,是导致我国创新支持政策效果不佳的主要原因。 相似文献