Imminent Nash Implementation as a Solution to King Solomon's Dilemma
Economics Bulletin, 2006, vol. 4, issue 14, 1-8
This paper offers a solution to King Solomon's problem of allocating an indivisible "prize" to two agents. We add time dimension to the original space of outcomes and construct a static mechanism similar to the one used in virtual implementation. The implementation is imminent: the mechanism results in the original outcome, which is provided with an arbitrarily small delay.
Keywords: implementation (search for similar items in EconPapers)
JEL-codes: D7 C7 (search for similar items in EconPapers)
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