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Existence and Nash implementation of efficient sharing rules for a commonly owned technology

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Author Info
Luis C. Corchón () (Departamento de Economi´a, Universidad Carlos III, 28903 Getafe , Spain)
M. Socorro Puy () (Departamento de Teori´a e Historia Económica, Universidad de Málaga, Campus el Ejido, 29013 Málaga, Spain)

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Abstract

Suppose that a group of individuals owns collectively a technology which produces a consumption good by means of a (possibly heterogeneous) input. A sharing rule associates input contributions with a vector of consumptions that are technologically feasible. We show that the set of allocations obtained by any continuous sharing rule contains Pareto efficient allocations. We also present a mechanism that implements in Nash equilibrium the Pareto efficient allocations contained in an arbitrary sharing rule.

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Article provided by Springer in its journal Social Choice and Welfare.

Volume (Year): 19 (2002)
Issue (Month): 2 ()
Pages: 369-379
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Handle: RePEc:spr:sochwe:v:19:y:2002:i:2:p:369-379

Note: Received: 29 June 1998/Accepted: 15 November 2000
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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Fleurbaey, Marc & Maniquet, Francois, 1996. "Fair allocation with unequal production skills: The No Envy approach to compensation," Mathematical Social Sciences, Elsevier, vol. 32(1), pages 71-93, August. [Downloadable!] (restricted)
  2. Schmeidler David & Tauman Yair, 1994. "Incentive-Compatible Cost-Allocation Schemes," Journal of Economic Theory, Elsevier, vol. 63(2), pages 189-207, August. [Downloadable!] (restricted)
  3. Laffont, J. J. & Moulin, H., 1982. "Introduction," Journal of Mathematical Economics, Elsevier, vol. 10(1), pages 1-3, June. [Downloadable!] (restricted)
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(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Luis C. Corchon, 2007. "The theory of implementation : what did we learn?," Economics Working Papers we081207, Universidad Carlos III, Departamento de Economía. [Downloadable!]
  2. Leroux, Justin, 2005. "Strategyproof Profit Sharing: A Two-Agent Characterization," Working Papers 2005-04, Rice University, Department of Economics. [Downloadable!]
  3. Carmen Beviá & Luis C. Corchón, 2007. "Cooperative Production and Efficiency," UFAE and IAE Working Papers 696.07, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC). [Downloadable!]
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  4. Leroux, Justin, 2004. "Pooling Private Technologies: Improving upon Autarky," Working Papers 2004-08, Rice University, Department of Economics. [Downloadable!]
  5. Leroux, Justin, 2005. "Strategyproof Profit Sharing in Partnerships: Improving upon Autarky," Working Papers 2005-05, Rice University, Department of Economics. [Downloadable!]
  6. Justin Leroux, 2006. "Profit sharing in unique Nash equilibrium: Characterization in the two-agent case," Cahiers de recherche 06-11, HEC Montréal, Institut d'économie appliquée. [Downloadable!]
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