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Envy-Freeness and Implementation in Large Economies

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Author Info
Matthew O. Jackson (California Institute of Technology)
Ilan Kremer (Stanford University)

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Abstract

We show that an asymptotic envy-freeness is a necessary condition for a form of robust approximate implementation in large economies.

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File URL: http://129.3.20.41/eps/mic/papers/0303/0303008.pdf
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Publisher Info
Paper provided by EconWPA in its series Microeconomics with number 0303008.

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Date of creation: 28 Mar 2003
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Handle: RePEc:wpa:wuwpmi:0303008

Note: Type of Document - ; figures: none
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Web page: http://129.3.20.41

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Related research
Keywords: implementation; envy-free; Walrasian equilibrium; large economies; public goods;

Other versions of this item:

Find related papers by JEL classification:
D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy-Making and Implementation
D41 - Microeconomics - - Market Structure and Pricing - - - Perfect Competition
C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games

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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. Richard McLean & Andrew Postlewaite, . "Informational Size and Incentive Compatibility," Penn CARESS Working Papers 7f6ff09d59945e06909ce4fa4, Penn Economics Department. [Downloadable!]
    Other versions:
  2. Otani, Yoshihiko & Sicilian, Joseph, 1990. "Limit properties of equilibrium allocations of Walrasian strategic games," Journal of Economic Theory, Elsevier, vol. 51(2), pages 295-312, August. [Downloadable!] (restricted)
  3. Dirk Bergemann & Stephen Morris, 2003. "Robust Mechanism Design," Levine's Bibliography 666156000000000035, UCLA Department of Economics. [Downloadable!]
    Other versions:
  4. Jose M. Cordoba & Peter J. Hammond, 1998. "Asymptotically Strategy-Proof Walrasian Exchange," Working Papers 98005, Stanford University, Department of Economics. [Downloadable!]
    Other versions:
  5. Blume, Lawrence & Easley, David, 1990. "Implementation of Walrasian expectations equilibria," Journal of Economic Theory, Elsevier, vol. 51(1), pages 207-227, June. [Downloadable!] (restricted)
  6. Salvador Barbera & Matthew O. Jackson, 1993. "Strategy-Proof Exchange," Discussion Papers 1021, Northwestern University, Center for Mathematical Studies in Economics and Management Science. [Downloadable!]
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  7. Kovalenkov, Alexander, 2002. "Simple Strategy-Proof Approximately Walrasian Mechanisms," Journal of Economic Theory, Elsevier, vol. 103(2), pages 475-487, April. [Downloadable!] (restricted)
  8. Gul, Faruk & Postlewaite, Andrew, 1992. "Asymptotic Efficiency in Large Exchange Economies with Asymmetric Information," Econometrica, Econometric Society, vol. 60(6), pages 1273-92, November. [Downloadable!] (restricted)
  9. Mailath, George J & Postlewaite, Andrew, 1990. "Asymmetric Information Bargaining Problems with Many Agents," Review of Economic Studies, Blackwell Publishing, vol. 57(3), pages 351-67, July. [Downloadable!] (restricted)
  10. 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. [Downloadable!] (restricted)
  11. Al-Najjar, Nabil I. & Smorodinsky, Rann, 2000. "Pivotal Players and the Characterization of Influence," Journal of Economic Theory, Elsevier, vol. 92(2), pages 318-342, June. [Downloadable!] (restricted)
  12. Palfrey, Thomas R & Srivastava, Sanjay, 1987. "On Bayesian Implementable Allocations," Review of Economic Studies, Blackwell Publishing, vol. 54(2), pages 193-208, April. [Downloadable!] (restricted)
  13. Otani, Yoshihiko & Sicilian, Joseph, 1982. "Equilibrium allocations of Walrasian preference games," Journal of Economic Theory, Elsevier, vol. 27(1), pages 47-68, June. [Downloadable!] (restricted)
  14. Jackson, Matthew O., 1992. "Incentive compatibility and competitive allocations," Economics Letters, Elsevier, vol. 40(3), pages 299-302, November. [Downloadable!] (restricted)
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This page was last updated on 2010-1-17.


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