A General Solution to King Solomon's Dilemma

Motty Perry; Philip J. Reny

doi:10.1006/game.1998.0655

A General Solution to King Solomon's Dilemma

Motty Perry^*
, Philip J. Reny

^*Corresponding author for this work

Department of Economics

Research output: Contribution to journal › Article › peer-review

29 Scopus citations

Abstract

In general terms, Solomon's dilemma is this. There are many agents. An object must be awarded at no cost to the one agent who values it most. We provide a mechanism that implements this outcome in iteratively weakly undominated strategies when it is common knowledge that the agent who most values the object knows who he is.Journal of Economic LiteratureClassification Numbers: C60, C72, D61, D74, D82.

Original language	English
Pages (from-to)	279-285
Number of pages	7
Journal	Games and Economic Behavior
Volume	26
Issue number	2
DOIs	https://doi.org/10.1006/game.1998.0655
State	Published - Jan 1999

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title = "A General Solution to King Solomon's Dilemma",

abstract = "In general terms, Solomon's dilemma is this. There are many agents. An object must be awarded at no cost to the one agent who values it most. We provide a mechanism that implements this outcome in iteratively weakly undominated strategies when it is common knowledge that the agent who most values the object knows who he is.Journal of Economic LiteratureClassification Numbers: C60, C72, D61, D74, D82.",

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AB - In general terms, Solomon's dilemma is this. There are many agents. An object must be awarded at no cost to the one agent who values it most. We provide a mechanism that implements this outcome in iteratively weakly undominated strategies when it is common knowledge that the agent who most values the object knows who he is.Journal of Economic LiteratureClassification Numbers: C60, C72, D61, D74, D82.

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A General Solution to King Solomon's Dilemma

Abstract

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