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Vickrey-Clarke-Groves Mechanisms and Perfect Competition

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Author Info

  • Louis Makowski

    (UC Davis)

  • Joseph M. Ostroy

    (UCLA)

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File URL: http://www.econ.ucla.edu/workingpapers/wp333.pdf
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Bibliographic Info

Paper provided by UCLA Department of Economics in its series UCLA Economics Working Papers with number 333.

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Date of creation: 01 Jul 1984
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Handle: RePEc:cla:uclawp:333

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Web page: http://www.econ.ucla.edu/

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References

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  1. Hammond, Peter J, 1979. "Straightforward Individual Incentive Compatibility in Large Economies," Review of Economic Studies, Wiley Blackwell, vol. 46(2), pages 263-82, April.
  2. Hurwicz, Leonid & Walker, Mark, 1990. "On the Generic Nonoptimality of Dominant-Strategy Allocation Mechanisms: A General Theorem That Includes Pure Exchange Economies," Econometrica, Econometric Society, vol. 58(3), pages 683-704, May.
  3. Makowski, Louis, 1980. "A characterization of perfectly competitive economies with production," Journal of Economic Theory, Elsevier, vol. 22(2), pages 208-221, April.
  4. Theodore Groves & John O. Ledyard, 1976. "Some Limitations of Demand Revealing Processes," Discussion Papers 219, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  5. Groves, Theodore, 1973. "Incentives in Teams," Econometrica, Econometric Society, vol. 41(4), pages 617-31, July.
  6. Joseph M. Ostroy, 1977. "The No-Surplus Condition as a Characterization of Perfectly Competitive Equilibrium," UCLA Economics Working Papers 090, UCLA Department of Economics.
  7. Hurwicz, Leonid, 1979. "On allocations attainable through Nash equilibria," Journal of Economic Theory, Elsevier, vol. 21(1), pages 140-165, August.
  8. Roberts, Donald John & Postlewaite, Andrew, 1976. "The Incentives for Price-Taking Behavior in Large Exchange Economies," Econometrica, Econometric Society, vol. 44(1), pages 115-27, January.
  9. Groves, Theodore & Loeb, Martin, 1975. "Incentives and public inputs," Journal of Public Economics, Elsevier, vol. 4(3), pages 211-226, August.
  10. Walker, Mark, 1978. "A Note on the Characterization of Mechanisms for the Revelation of Preferences," Econometrica, Econometric Society, vol. 46(1), pages 147-52, January.
  11. Champsaur, Paul & Laroque, Guy, 1981. "Fair allocations in large economies," Journal of Economic Theory, Elsevier, vol. 25(2), pages 269-282, October.
  12. Green, Jerry & Laffont, Jean-Jacques, 1977. "Characterization of Satisfactory Mechanisms for the Revelation of Preferences for Public Goods," Econometrica, Econometric Society, vol. 45(2), pages 427-38, March.
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Citations

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Cited by:
  1. Auriol, Emmanuelle & Gary-Bobo, Robert, 2001. "On Robust Constitution Design," IDEI Working Papers 136, Institut d'Économie Industrielle (IDEI), Toulouse, revised Aug 2006.
  2. Shigehiro Serizawa, 2006. "Strategy-Proof and Anonymous Allocation Rules of Indivisible Goods: A New Characterization of Vickrey Allocation Rule," ISER Discussion Paper 0648, Institute of Social and Economic Research, Osaka University.
  3. Lewis Makowski & Joseph Ostroy, 2010. "Appropriation and Efficiency: A Revision of the First Theorem of Welfare Economics," Levine's Working Paper Archive 1386, David K. Levine.
  4. Gabrielle Demange, 2006. "The strategy structure of some coalition formation games," Working Papers halshs-00590290, HAL.
  5. Makowski, L. & Ostroy, J.M., 1991. "The Margin of Appropriation and an Extension of the First Theorem of Welfare Economics," Papers 388, California Davis - Institute of Governmental Affairs.
  6. Demange, Gabrielle, 2009. "The strategy structure of some coalition formation games," Games and Economic Behavior, Elsevier, vol. 65(1), pages 83-104, January.
  7. Joseph M. Ostroy & Louis Makowski, 2001. "Perfect Competition and the Creativity of the Market," Journal of Economic Literature, American Economic Association, vol. 39(2), pages 479-535, June.
  8. Hiroki Saitoh & Shigehiro Serizawa, 2005. "Vickrey Allocation Rule with Income Effect," ISER Discussion Paper 0646, Institute of Social and Economic Research, Osaka University.
  9. Louis Makowski & Joseph M. Ostroy, 1988. "Groves Mechanisms in Continuum Economies: Characterization and Existence," UCLA Economics Working Papers 518, UCLA Department of Economics.
  10. Guido Ruta & Piero Gottardi, 2009. "Equilibrium corporate finance," 2009 Meeting Papers 149, Society for Economic Dynamics.
  11. Louis Makowski & Joseph M. Ostroy, 1990. "Vickrey-Clarke-Groves Mechanisms in Continuum Economies: Characterization and Existence," UCLA Economics Working Papers 607, UCLA Department of Economics.

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