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Feasible and Continuous Implementation

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Author Info
Postlewaite, Andrew
Wettstein, David

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Abstract

There has been a great deal of research in recent years investigating the questions of whether or not there exist institutions (game forms) for which the set of equilibria will coincide with the set of Walrasian equilibria. In this paper, the authors show the existence of a game form that is feasible both for equilibrium and disequilibrium strategies, continuous, and for which the set of Nash equilibria coincides with the set of (constrained) Walrasian equilibria for all pure exchange economies. The game form allows agents to behave strategically both with respect to their preferences and their initial endowments. Copyright 1989 by The Review of Economic Studies Limited.

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Publisher Info
Article provided by Blackwell Publishing in its journal Review of Economic Studies.

Volume (Year): 56 (1989)
Issue (Month): 4 (October)
Pages: 603-11
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Handle: RePEc:bla:restud:v:56:y:1989:i:4:p:603-11

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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0034-6527

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  1. Bhaskar Dutta & Arunava Sen & Rajiv Vohra, 1994. "Nash implementation through elementary mechanisms in economic environments," Review of Economic Design, Springer, vol. 1(1), pages 173-203, December. [Downloadable!] (restricted)
  2. BOCHET, Olivier, 2005. "Switching from complete to incomplete information," CORE Discussion Papers 2005063, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE). [Downloadable!]
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  3. Olivier Bochet, 2007. "Implementation of the Walrasian correspondence: the boundary problem," International Journal of Game Theory, Springer, vol. 36(2), pages 301-316, October. [Downloadable!] (restricted)
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  4. Carmen Bevi?Author-Email: Carmen.Bevia@uab.es & Luis C. Corch?n & Simon Wilkie, . "Implementation of the Walrasian Correspondence by Market Games," UFAE and IAE Working Papers 493.01, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC). [Downloadable!]
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  5. Yuji Fujinaka & Toyotaka Sakai, 2009. "The positive consequence of strategic manipulation in indivisible good allocation," International Journal of Game Theory, Springer, vol. 38(3), pages 325-348, November. [Downloadable!] (restricted)
  6. Nir Dagan & Roberto Serrano & Oscar Volij, 1999. "Feasible Implementation of Taxation Methods," Economic theory and game theory 009, Nir Dagan. [Downloadable!]
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  7. Roberto Serrano, 2003. "The Theory of Implementation of Social Choice Rules," Working Papers 2003-19, Brown University, Department of Economics. [Downloadable!]
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  8. Elchanan Ben-Porath & Barton L. Lipman, 2009. "Implementation and Partial Provability," Boston University - Department of Economics - Working Papers Series wp2009-002, Boston University - Department of Economics. [Downloadable!]
  9. William Thomson, 2004. "Divide-and-Permute," RCER Working Papers 510, University of Rochester - Center for Economic Research (RCER). [Downloadable!]
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  10. Marco Galbiati, 2006. "Fair Divisions as Attracting Nash Equilibria of Simple Games," Economics Working Papers ECO2006/24, European University Institute. [Downloadable!]
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