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Triple Implementation by Sharing Mechanisms in Production Economies with Unequal Labor Skill

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Author Info
Akira Yamada
Naoki Yoshihara

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Abstract

In production economies with unequal labor skills, we study axiomatic characterizations of Pareto subsolutions which are implementable by sharing mechanisms in Nash, strong Nash, and subgame perfect equilibria. The sharing mechanism allows agents to work freely and distributes the produced output to the agents, according to the profile of labor hours and the information on demands, prices, and labor skills. Based on the characterizations, we find that most fair allocation rules, which embody the ethical principles of responsibility and compensation, cannot be implemented when individuals' labor skills are private information.

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Paper provided by Institute of Economic Research, Hitotsubashi University in its series Discussion Paper Series with number a475.

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Date of creation: Feb 2006
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Handle: RePEc:hit:hituec:a475

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Related research
Keywords: labor sovereignty; triple implementation; different labor skills;

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Find related papers by JEL classification:
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-Making and Implementation
D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information

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References listed on IDEAS
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. Naoki Yoshihara, 2000. "Characterizations of Bargaining Solutions in Production Economies with Unequal Skills," Discussion Paper Series a396, Institute of Economic Research, Hitotsubashi University.
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  2. 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. [Downloadable!] (restricted)
  3. Bhaskar Dutta & Arunava Sen & Rajiv Vohra, 1994. "Nash implementation through elementary mechanisms in economic environments," Review of Economic Design, Springer, vol. 1(1), pages 173-203, December. [Downloadable!] (restricted)
  4. Naoki Yoshihara, 1999. "Natural and double implementation of public ownership solutions in differentiable production economies," Review of Economic Design, Springer, vol. 4(2), pages 127-151. [Downloadable!] (restricted)
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  5. Shin, Sungwhee & Suh, Sang-Chul, 1997. "Double Implementation by a Simple Game Form in the Commons Problem," Journal of Economic Theory, Elsevier, vol. 77(1), pages 205-213, November. [Downloadable!] (restricted)
  6. Nagahisa, Ryo-ichi, 1991. "A local independence condition for characterization of Walrasian allocations rule," Journal of Economic Theory, Elsevier, vol. 54(1), pages 106-123, June. [Downloadable!] (restricted)
  7. Naoki Yoshihara, 2000. "On Effcient and Procedurally-Fair Equilibrium Allocations in Sharing Games," Discussion Paper Series a397, Institute of Economic Research, Hitotsubashi University.
  8. 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.
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  9. Naoki Yoshihara, 2000. "A characterization of natural and double implementation in production economies," Social Choice and Welfare, Springer, vol. 17(4), pages 571-599. [Downloadable!] (restricted)
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  10. Akira Yamada & Naoki Yoshihara, 2002. "A Mechanism Design for a Solution to the Tragedy of Commons," Discussion Paper Series a424, Institute of Economic Research, Hitotsubashi University.
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  11. 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)
  12. Roemer, J.E., 1988. "On Public Ownership," Papers 317, California Davis - Institute of Governmental Affairs.
  13. Hong, Lu, 1995. "Nash Implementation in Production Economies," Economic Theory, Springer, vol. 5(3), pages 401-17, May.
  14. Kranich, Laurence, 1994. "Equal Division, Efficiency, and the Sovereign Supply of Labor," American Economic Review, American Economic Association, vol. 84(1), pages 178-89, March. [Downloadable!] (restricted)
  15. Saijo, Tatsuyoshi & Tatamitani, Yoshikatsu & Yamato, Takehiko, 1999. "Characterizing Natural Implementability: The Fair and Walrasian Correspondences," Games and Economic Behavior, Elsevier, vol. 28(2), pages 271-293, August. [Downloadable!] (restricted)
  16. Maskin, Eric, 1999. "Nash Equilibrium and Welfare Optimality," Review of Economic Studies, Blackwell Publishing, vol. 66(1), pages 23-38, January. [Downloadable!] (restricted)
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  17. Hal R. Varian, 1994. "A Solution to the Problem of Externalities when Agents are Well-Informed}," Microeconomics 9401003, EconWPA. [Downloadable!]
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  18. Jackson Matthew O. & Palfrey Thomas R. & Srivastava Sanjay, 1994. "Undominated Nash Implementation in Bounded Mechanisms," Games and Economic Behavior, Elsevier, vol. 6(3), pages 474-501, May. [Downloadable!] (restricted)
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  19. Roemer John E. & Silvestre Joaquim, 1993. "The Proportional Solution for Economies with Both Private and Public Ownership," Journal of Economic Theory, Elsevier, vol. 59(2), pages 426-444, April. [Downloadable!] (restricted)
  20. Yoshihara, Naoki, 1998. "Characterizations of the public and private ownership solutions," Mathematical Social Sciences, Elsevier, vol. 35(2), pages 165-184, March. [Downloadable!] (restricted)
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  21. Guoqiang Tian, 1999. "Double implementation in economies with production technologies unknown to the designer," Economic Theory, Springer, vol. 13(3), pages 689-707. [Downloadable!] (restricted)
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