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  Mechanism Design and Intentions

Bierbrauer, F., & Netzer, N. (2016). Mechanism Design and Intentions.

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Item Permalink: http://hdl.handle.net/11858/00-001M-0000-0029-C953-2 Version Permalink: http://hdl.handle.net/11858/00-001M-0000-002C-EC85-F
Genre: Paper

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 Creators:
Bierbrauer, Felix1, Author              
Netzer, Nick, Author
Affiliations:
1Max Planck Institute for Research on Collective Goods, Max Planck Society, ou_2173688              

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Free keywords: Mechanism Design, Psychological Games, Social Preferences, Reciprocity
 JEL: C70 - General
 JEL: C72 - Noncooperative Games
 JEL: D02 - Institutions: Design, Formation, Operations, and Impact
 JEL: D03 - Behavioral Microeconomics: Underlying Principles
 JEL: D82 - Asymmetric and Private Information; Mechanism Design
 JEL: D86 - Economics of Contract: Theory
 Abstract: We introduce intention-based social preferences into mechanism design. We explore information structures that dier with respect to what is commonly known about the weight that agents attach to reciprocal kindness. When the designer has no information on reciprocity types, implementability of an incentive-compatible social choice function is guaranteed if it satises an additional insurance property. By contrast, precise information on reciprocity types may imply that all ecient social choice functions are implementable. We show how these results extend to a two-dimensional mechanism design setting where the agents have private information about their material payo types and their reciprocity types. We also provide a systematic account of the welfare implications of intentionality.

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 Dates: 2016
 Publication Status: Published online
 Pages: 65
 Publishing info: Bonn : Max Planck Institute for Research on Collective Goods
 Table of Contents: -
 Rev. Type: -
 Identifiers: Other: 2016/04
 Degree: -

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