Collusion, renegotiation and implementation
AbstractWe study the implementation problem for exchange economies when agents can renegotiate the outcome assigned by the planner and can collude. We focus on the use of sequential mechanisms and present a simple sufficient condition for implementation with renegotiation in strong perfect equilibrium. We present an application to optimal risk sharing, showing that the possibility of collusion and renegotiation does not in general prevent the implementation of efficient allocations.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. 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.
Bibliographic InfoArticle provided by Springer in its journal Social Choice and Welfare.
Volume (Year): 17 (2000)
Issue (Month): 1 ()
Note: Received: 27 August 1997/Accepted: 29 October 1998
Contact details of provider:
Web page: http://link.springer.de/link/service/journals/00355/index.htm
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Maskin, Eric & Sjostrom, Tomas, 2001.
5-01-1, Pennsylvania State University, Department of Economics.
- Yuan Ju & David Wettstein, 2006.
"Implementing Cooperative Solution Concepts: a Generalized Bidding Approach,"
Keele Economics Research Papers
KERP 2006/06, Centre for Economic Research, Keele University.
- Yuan Ju & David Wettstein, 2009. "Implementing cooperative solution concepts: a generalized bidding approach," Economic Theory, Springer, vol. 39(2), pages 307-330, May.
- Ju, Y. & Wettstein, D., 2006. "Implementing Cooperative Solution Concepts: A Generalized Bidding Approach," Discussion Paper 2006-42, Tilburg University, Center for Economic Research.
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 references are entirely missing, you can add them using this form.