This paper considers Nash implementation and double implementation of Pareto efficient allocations for production economies. We allow production sets and preferences are unknown to the planner. We present a well-behaved mechanism that fully implements Pareto efficient allocations in Nash equilibrium. The mechanism then is modified to fully doubly implement Pareto efficient allocations in Nash and strong Nash equilibria. The mechanisms constructed in the paper have many nice properties such as feasibility and continuity. In addition, they use finite-dimensional message spaces. Furthermore, the mechanism works not only for three or more agents, but also for two-agent economies.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 45 (2009) Issue (Month): 1-2 (January) Pages: 113-123 Download reference. The following formats are available: HTML
(with abstract),
plain text
(with abstract),
BibTeX,
RIS (EndNote, RefMan, ProCite),
ReDIF