Natural and double implementation of public ownership solutions in differentiable production economies
AbstractThis paper examines the implementation of two public ownership solutions in convex production economies with differentiable production functions. The two public ownership solutions we focus on are the proportional and equal benefit solutions. Two "natural" mechanisms which doubly implement the proportional and equal benefit solutions respectively in Nash and strong Nash equilibria are proposed without assuming free disposal.
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Bibliographic InfoArticle provided by Springer in its journal Review of Economic Design.
Volume (Year): 4 (1999)
Issue (Month): 2 ()
Note: Received: 7 May 1996 / Accepted: 1 December 1998
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Web page: http://link.springer.de/link/service/journals/10058/index.htm
Other versions of this item:
- Yoshihara, N., 1998. "Natural and Double Implementation of Public Ownership Solutions in Differentiable Production Economies," ISER Discussion Paper 0404r, Institute of Social and Economic Research, Osaka University.
- Yoshihara, N., 1996. "Natural and Double Implementation of Public Ownership Solutions in Differentiable Production Economies," ISER Discussion Paper 0404, Institute of Social and Economic Research, Osaka University.
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies
- D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation
- H42 - Public Economics - - Publicly Provided Goods - - - Publicly Provided Private Goods
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- Matthew O. Jackson, 2001.
"A crash course in implementation theory,"
Social Choice and Welfare,
Springer, vol. 18(4), pages 655-708.
- Tian, Guoqiang, 2000. "Incentive Mechanism Design for Production Economies with Both Private and Public Ownerships," Games and Economic Behavior, Elsevier, vol. 33(2), pages 294-320, November.
- Tian, Guoqiang, 2009. "Implementation of Pareto efficient allocations," Journal of Mathematical Economics, Elsevier, vol. 45(1-2), pages 113-123, January.
- Tomas Sjöström, 1994. "Implementation by demand mechanisms," Review of Economic Design, Springer, vol. 1(1), pages 343-354, December.
- Suh, Sang-Chul, 2001. "An algorithm for verifying double implementability in Nash and strong Nash equilibria," Mathematical Social Sciences, Elsevier, vol. 41(1), pages 103-110, January.
- 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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