Arbeitspapier

Efficient Incentives in Social Networks: Gamification and the Coase Theorem

This study explores mechanism design for networks of interpersonal relationships. Agents' social (more or less altruistic or spiteful) preferences and private payoffs are all subject to asymmetric information. Remarkably, the asymmetry of information about agents' social preferences can be operationalized to satisfy agents' participation constraints. The main result is a constructive proof of the Coase theorem, in its typical mechanism-design interpretation, for networks of at least three agents: If endowments are sufficiently large, any such network can resolve any given allocation problem with an ex-post budget-balanced mechanism that is Bayesian incentive-compatible, interim individually rational, and ex-post Pareto-efficient. The endogenously derived solution concept is interpreted as gamification: Resolve the agents' allocation problem with an efficient social-preference robust mechanism; attract agents' participation by complementing this mechanism with a budget-balanced game that operates on their social preferences and provides them with a platform to live out their propensities to cooperate or compete.

Sprache
Englisch

Klassifikation
Wirtschaft
Noncooperative Games
Bargaining Theory; Matching Theory
Externalities
Asymmetric and Private Information; Mechanism Design
Thema
mechanism design
social preferences
gamification
joyful games
Coase theorem

Ereignis
Geistige Schöpfung
(wer)
Daske, Thomas
Ereignis
Veröffentlichung
(wer)
ZBW – Leibniz Information Centre for Economics
(wo)
Kiel, Hamburg
(wann)
2020

Handle
Letzte Aktualisierung
10.03.2025, 11:41 MEZ

Datenpartner

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Objekttyp

  • Arbeitspapier

Beteiligte

  • Daske, Thomas
  • ZBW – Leibniz Information Centre for Economics

Entstanden

  • 2020

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