Nash Implementation in Production Economies
AbstractThis paper provides a general way to incorporate private ownership production economies into the implementation of the Walrasian correspondence. We present two mechanisms, both of which permit agents to behave strategically with respect to their initial endowments, preferences, and production possibility sets. The first mechanism deals with the case of endowment destruction, the second deals with the case of endowment withholding. We show that each mechanism Nash implements the Walrasian correspondence. In addition, both mechanisms are individually feasible, balanced, continuous and only require the transmission of prices and quantities of goods as messages.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoArticle provided by Springer in its journal Economic Theory.
Volume (Year): 5 (1995)
Issue (Month): 3 (May)
Contact details of provider:
Web page: http://link.springer.de/link/service/journals/00199/index.htm
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Saijo, Tatsuyoshi & Tatamitani, Yoshikatsu & Yamato, Takehiko, 1996. "Toward Natural Implementation," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 37(4), pages 949-80, November.
- Jackson, Matthew O., 1999.
"A Crash Course in Implementation Theory,"
1076, California Institute of Technology, Division of the Humanities and Social Sciences.
- Maskin, Eric & Sjostrom, Tomas, 2002.
Handbook of Social Choice and Welfare,
in: K. J. Arrow & A. K. Sen & K. Suzumura (ed.), Handbook of Social Choice and Welfare, edition 1, volume 1, chapter 5, pages 237-288
- Giraud, Gael & Rochon, Celine, 2002.
"Consistent collusion-proofness and correlation in exchange economies,"
Journal of Mathematical Economics,
Elsevier, vol. 38(4), pages 441-463, December.
- GIRAUD, Gaël & ROCHON, Céline, 2001. "Consistent collusion-proofness and correlation in exchange economies," CORE Discussion Papers 2001018, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Luis C. Corchon & Matteo Triosi, 2005.
"Implementation With State Dependent Feasible Sets And Preferences: A Renegotiation Approach,"
Economics Working Papers
we057136, Universidad Carlos III, Departamento de Economía.
- Matteo Triossi & Luis Corchón, 2006. "Implementation with State Dependent Feasible Sets and Preferences: A Renegotiation Approach," Carlo Alberto Notebooks 24, Collegio Carlo Alberto.
- Akira Yamada & Naoki Yoshihara, 2007.
"Triple implementation by sharing mechanisms in production economies with unequal labor skills,"
International Journal of Game Theory,
Springer, vol. 36(1), pages 85-106, September.
- Yamada, Akira & Yoshihara, Naoki, 2006. "Triple implementation by sharing mechanisms in production economics with unequal labor skill," Discussion Paper Series a475, Institute of Economic Research, Hitotsubashi University.
- Hong, Lu, 1998. "Feasible Bayesian Implementation with State Dependent Feasible Sets," Journal of Economic Theory, Elsevier, vol. 80(2), pages 201-221, June.
- Corchón, Luis C. & Triossi, Matteo, 2011.
"Implementation with renegotiation when preferences and feasible sets are state dependent,"
Open Access publications from Universidad Carlos III de Madrid
info:hdl:10016/13427, Universidad Carlos III de Madrid.
- Luis Corchón & Matteo Triossi, 2011. "Implementation with renegotiation when preferences and feasible sets are state dependent," Social Choice and Welfare, Springer, vol. 36(2), pages 179-198, February.
- Luis Corchón & Matteo Triossi, 2008. "Implementation with renegotiation when preferences and feasible sets are state dependent," Documentos de Trabajo 255, Centro de Economía Aplicada, Universidad de Chile.
- Kaplan, Todd R. & Wettstein, David, 1999.
"Cost sharing: efficiency and implementation,"
Journal of Mathematical Economics,
Elsevier, vol. 32(4), pages 489-502, December.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Guenther Eichhorn) or (Christopher F Baum).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.