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Double implementation in economies with production technologies unknown to the designer

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  • Guoqiang Tian

    ()
    (Department of Economics, Texas A&M University, College Station, TX 77843, USA)

Abstract

This paper considers double implementation of Walrasian allocations and Lindahl allocations in Nash and strong Nash equilibria for both private and public goods economies when preferences, initial endowments, production technologies, and coalition patterns are all unknown to the designer. It will be noted that the mechanisms presented here are feasible and continuous. In addition, unlike most mechanisms proposed in the literature, our mechanism works not only for three or more agents, but also for two-agent economies, and thus it is a unified mechanism which is irrespective of the number of agents.

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Bibliographic Info

Article provided by Springer in its journal Economic Theory.

Volume (Year): 13 (1999)
Issue (Month): 3 ()
Pages: 689-707

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Handle: RePEc:spr:joecth:v:13:y:1999:i:3:p:689-707

Note: Received: March 12, 1998; revised version: March 12, 1998
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Related research

Keywords: Double implementation Walrasian allocations · Lindahl allocations · Unkown production technologies. ·;

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Cited by:
  1. Tian, Guoqiang, 2005. "Implementation in production economies with increasing returns," Mathematical Social Sciences, Elsevier, vol. 49(3), pages 309-325, May.
  2. Tian, Guoqiang, 2009. "Implementation in economies with non-convex production technologies unknown to the designer," Games and Economic Behavior, Elsevier, vol. 66(1), pages 526-545, May.
  3. Rabia Nessah & Tarik Tazdait, 2010. "Quasicontinuity and Nash Equilibrium in Compact and Convex Games," Working Papers 2010-ECO-09, IESEG School of Management.
  4. Tian, Guoqiang, 2009. "Implementation of Pareto efficient allocations," Journal of Mathematical Economics, Elsevier, vol. 45(1-2), pages 113-123, January.
  5. Tian, Guoqiang, 2003. "A solution to the problem of consumption externalities," Journal of Mathematical Economics, Elsevier, vol. 39(8), pages 831-847, November.

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