Abstract
We focus on the single-peaked domain and study the class of Generalized Approval Mechanisms (GAMs): First, players simultaneously select subsets of the outcome space and scores are assigned to each alternative; and, then, a given quantile of the induced score distribution is implemented. Our main finding is that essentially for every Nash-implementable welfare optimum – including the Condorcet winner alternative – there exists a GAM that Nash-implements it. Importantly, the GAM that Nash-implements the Condorcet winner alternative is the first simple simultaneous game with this feature in the literature.
| Original language | English |
|---|---|
| Pages (from-to) | 169-181 |
| Number of pages | 13 |
| Journal | Journal of Economic Theory |
| Volume | 170 |
| DOIs | |
| Publication status | Published - 1 Jul 2017 |
| Externally published | Yes |
Keywords
- Approval voting
- Condorcet winner
- Nash implementation
- Single-peakedness
- Strategy-proofness