A natural mechanism for eliciting rankings when jurors have favorites

Tsuyoshi Adachi

Games and Economic Behavior, 2014, vol. 87, issue C, 508-518

Abstract: We analyze the problem of a jury that must rank a set of contestants whose socially optimal ranking is common knowledge among jurors who may have friends among the contestants and may, therefore, be biased in their friends' favor. We show a natural mechanism that is finite and complete informational, with no simultaneous moves (i.e., it is solvable by backward induction), which implements the socially optimal ranking with subgame perfect equilibria.

Keywords: Implementation theory; Backward induction; Subgame perfect equilibrium (search for similar items in EconPapers)
JEL-codes: C72 D71 D78 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:gamebe:v:87:y:2014:i:c:p:508-518

DOI: 10.1016/j.geb.2014.07.003

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