Incentive compatibility under ambiguity
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DOI: 10.1007/s00199-020-01304-x
Abstract: The paper examines notions of incentive compatibility in an environment with ambiguity-averse agents. In particular, we propose the notion of maxmin transfer coalitional incentive compatibility, which is immune to coalitional manipulations and thus more stable… read more here.
Keywords: transfer coalitional; compatibility; maxmin transfer; incentive compatibility ... See more keywords
Incentive Compatibility in Stochastic Dynamic Systems
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DOI: 10.1109/tac.2020.2987802
Abstract: The classic Vickrey–Clarke–Groves (VCG) mechanism ensures incentive compatibility, i.e., truth-telling is a dominant strategy for all agents, for a static one-shot game. However, it does not appear to be feasible to construct mechanisms that ensure… read more here.
Keywords: dynamic systems; truth telling; balance; stochastic dynamic ... See more keywords
Proponents, Caretakers, and the Dynamics of Administrative Leadership Turnover in U.S. Executive Agencies
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DOI: 10.1177/10659129231174842
Abstract: Administrative leader turnover adversely affects the organizational stability of U.S. federal executive agencies, as well as undermines presidents’ policy goals. An incentive compatibility theory of administrative leader turnover is proposed that distinguishes between proponent (policy… read more here.
Keywords: executive agencies; incentive compatibility; executive; policy ... See more keywords
A unifying approach to incentive compatibility in moral hazard problems
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DOI: 10.3982/te2008
Abstract: A new approach to moral hazard is presented. Once local incentive compatibility is satisfied, the problem of verifying global incentive compatibility is shown to be isomorphic to the problem of comparing two classes of distribution… read more here.
Keywords: moral hazard; hazard problems; incentive compatibility; approach ... See more keywords