Unanimity games and Pareto optimality (Q800843)
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scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Unanimity games and Pareto optimality |
scientific article |
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Unanimity games and Pareto optimality (English)
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1985
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A central question in group decision theory is the existence of a simple mechanism that necessarily leads to Pareto optimal outcomes despite noncooperative behavior of the participants. It is shown that the multistage unanimity game is such a mechanism if we assume that the non- cooperative players end at an equilibrium which is symmetric and persistent.
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group decision theory
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existence of a simple mechanism
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Pareto optimal outcomes
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multistage unanimity game
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non-cooperative players
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