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| Author: | Perry, M. Reny, P. |
| Title: | A general solution to King Solomon's dilemma |
| Journal: | Games and Economic Behavior
1999 : FEB, VOL. 26:2, p. 279-285 |
| Index terms: | GAMES ECONOMIC BEHAVIOUR AGENCY THEORY |
| Language: | eng |
| 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. The authors provide a mechanism that implements this outcome in interactively weakly undominated strategies when it is common knowledge that the agent who most values the object knows who he is. A classical situation involving disagreement between two parties is "King Solomon's Dilemma". |
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