Implementing Lindahl allocations by a withholding mechanism
This paper investigates the problem of designing mechanisms whose Nash allocations coincide with Lindahl allocations for public goods economies when initial endowments are private information and unreported endowments are consumed (withheld) but are not destroyed. It will be noted that the mechanism presented here is individually feasible, balanced, and continuous. Besides, we allow preferences of agents to be nontotal-nontransitive and discontinuous.
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- Andreu Mas-Colell, 1980. "Efficiency and Decentralization in the Pure Theory of Public Goods," The Quarterly Journal of Economics, Oxford University Press, vol. 94(4), pages 625-641.
- Palfrey, Thomas R & Srivastava, Sanjay, 1991. "Nash Implementation Using Undominated Strategies," Econometrica, Econometric Society, vol. 59(2), pages 479-501, March.
- L. Hurwicz, 1979. "Outcome Functions Yielding Walrasian and Lindahl Allocations at Nash Equilibrium Points," Review of Economic Studies, Oxford University Press, vol. 46(2), pages 217-225.
- Tian, Guoqiang, 1988. "On the constrained Walrasian and Lindahl correspondences," Economics Letters, Elsevier, vol. 26(4), pages 299-303.
- Mas-Colell,Andreu, 1985.
"The Theory of General Economic Equilibrium,"
Cambridge University Press, number 9780521265140, December.
- Abreu, Dilip & Sen, Arunava, 1990. "Subgame perfect implementation: A necessary and almost sufficient condition," Journal of Economic Theory, Elsevier, vol. 50(2), pages 285-299, April.
- Kim, Taesung & Richter, Marcel K., 1986. "Nontransitive-nontotal consumer theory," Journal of Economic Theory, Elsevier, vol. 38(2), pages 324-363, April.
- Tian, Guoqiang & Li, Qi, 1991. "Completely feasible and continuous implementation of the Lindahl correspondence with any number of goods," Mathematical Social Sciences, Elsevier, vol. 21(1), pages 67-79, February.
- Guoqiang Tian, 1989. "Implementation of the Lindahl Correspondence by a Single-Valued, Feasible, and Continuous Mechanism," Review of Economic Studies, Oxford University Press, vol. 56(4), pages 613-621.
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