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A family of supermodular Nash mechanisms implementing Lindahl allocations

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  • Yan Chen

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    (Department of Economics, University of Michigan, Ann Arbor, MI 48109-1220, USA)

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    Abstract

    We present a family of mechanisms which implement Lindahl allocations in Nash equilibrium. With quasilinear utility functions this family of mechanisms are supermodular games, which implies that they converge to Nash equilibrium under a wide class of learning dynamics.

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    Bibliographic Info

    Article provided by Springer in its journal Economic Theory.

    Volume (Year): 19 (2002)
    Issue (Month): 4 ()
    Pages: 773-790

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    Handle: RePEc:spr:joecth:v:19:y:2002:i:4:p:773-790

    Note: Received: April 27, 2000; revised version: January 16, 2001
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    Related research

    Keywords: Public goods mechanisms; Supermodular games.;

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    Cited by:
    1. Van Essen, Matthew & Lazzati, Natalia & Walker, Mark, 2012. "Out-of-equilibrium performance of three Lindahl mechanisms: Experimental evidence," Games and Economic Behavior, Elsevier, vol. 74(1), pages 366-381.
    2. Matt Van Essen, 2012. "A note on the stability of Chen’s Lindahl mechanism," Social Choice and Welfare, Springer, vol. 38(2), pages 365-370, February.
    3. Nizar Allouch, 2013. "A competitive equilibrium for a warm-glow economy," Economic Theory, Springer, vol. 53(1), pages 269-282, May.
    4. Mathevet, Laurent & Taneva, Ina, 2013. "Finite supermodular design with interdependent valuations," Games and Economic Behavior, Elsevier, vol. 82(C), pages 327-349.
    5. Charles Figuières & Marc Willinger, 2012. "Regulating ambient pollution when social costs are unknown," Working Papers 12-17, LAMETA, Universtiy of Montpellier, revised Jun 2012.
    6. Matt Van Essen, 2012. "Information complexity, punishment, and stability in two Nash efficient Lindahl mechanisms," Review of Economic Design, Springer, vol. 16(1), pages 15-40, March.
    7. Healy, Paul J. & Mathevet, Laurent, 2012. "Designing stable mechanisms for economic environments," Theoretical Economics, Econometric Society, vol. 7(3), September.

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