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Double implementation of the ratio correspondence by a market mechanism

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  • Luis Corchon
  • Simon Wilkie

Abstract

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Suggested Citation

  • Luis Corchon & Simon Wilkie, 1996. "Double implementation of the ratio correspondence by a market mechanism," Review of Economic Design, Springer;Society for Economic Design, vol. 2(1), pages 325-337, December.
  • Handle: RePEc:spr:reecde:v:2:y:1996:i:1:p:325-337
    DOI: 10.1007/BF02499139
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    References listed on IDEAS

    as
    1. Dutta, Bhaskar & Sen, Arunava, 1991. "Implementation under strong equilibrium : A complete characterization," Journal of Mathematical Economics, Elsevier, vol. 20(1), pages 49-67.
    2. Benassy, Jean-Pascal, 1986. "On Competitive Market Mechanisms," Econometrica, Econometric Society, vol. 54(1), pages 95-108, January.
    3. Kaneko, Mamoru, 1977. "The Ratio Equilibria and the Core of the Voting Game G(N, W) in a Public Goods Economy," Econometrica, Econometric Society, vol. 45(7), pages 1589-1594, October.
    4. Hurwicz, Leonid, 1979. "On allocations attainable through Nash equilibria," Journal of Economic Theory, Elsevier, vol. 21(1), pages 140-165, August.
    5. Bezalel Peleg, 1996. "A continuous double implementation of the constrained Walras equilibrium," Review of Economic Design, Springer;Society for Economic Design, vol. 2(1), pages 89-97, December.
    6. Foley, Duncan K, 1970. "Lindahl's Solution and the Core of an Economy with Public Goods," Econometrica, Econometric Society, vol. 38(1), pages 66-72, January.
    7. Schmeidler, David, 1980. "Walrasian Analysis via Strategic Outcome Functions," Econometrica, Econometric Society, vol. 48(7), pages 1585-1593, November.
    8. Aghion, Philippe, 1985. "On the generic inefficiency of differentiable market games," Journal of Economic Theory, Elsevier, vol. 37(1), pages 126-146, October.
    9. Bezalel Peleg, 1996. "Double implementation of the Lindahl equilibrium by a continuous mechanism," Review of Economic Design, Springer;Society for Economic Design, vol. 2(1), pages 311-324, December.
    10. Moulin,Hervi, 1991. "Axioms of Cooperative Decision Making," Cambridge Books, Cambridge University Press, number 9780521424585, May.
    11. Diamantaras Dimitrios & Wilkie Simon, 1994. "A Generalization of Kaneko's Ratio Equilibrium for Economies with Private and Public Goods," Journal of Economic Theory, Elsevier, vol. 62(2), pages 499-512, April.
    12. 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.
    13. Calsamiglia, Xavier, 1977. "Decentralized resource allocation and increasing returns," Journal of Economic Theory, Elsevier, vol. 14(2), pages 263-283, April.
    14. Kaneko, Mamoru, 1977. "The ratio equilibrium and a voting game in a public goods economy," Journal of Economic Theory, Elsevier, vol. 16(2), pages 123-136, December.
    15. Tian, Guoqiang, 1988. "On the constrained Walrasian and Lindahl correspondences," Economics Letters, Elsevier, vol. 26(4), pages 299-303.
    16. Saijo, Tatsuyoshi, 1991. "Incentive compatibility and individual rationality in public good economies," Journal of Economic Theory, Elsevier, vol. 55(1), pages 203-212, October.
    17. 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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    Citations

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    Cited by:

    1. Bezalel Peleg, 1996. "Double implementation of the Lindahl equilibrium by a continuous mechanism," Review of Economic Design, Springer;Society for Economic Design, vol. 2(1), pages 311-324, December.
    2. Anne Van den Nouweland & Agnieszka Rusinowska, 2018. "Bargaining Foundation for Ratio Equilibrium in Public Good Economies," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-01720001, HAL.
    3. Matthew O. Jackson, 2001. "A crash course in implementation theory," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 18(4), pages 655-708.
    4. Van Essen, Matthew & Walker, Mark, 2017. "A simple market-like allocation mechanism for public goods," Games and Economic Behavior, Elsevier, vol. 101(C), pages 6-19.
    5. Tian, Guoqiang, 2000. "Double implementation of linear cost share equilibrium allocations," Mathematical Social Sciences, Elsevier, vol. 40(2), pages 175-189, September.
    6. Hassan Benchekroun & Charles Figuières & Mabel Tidball, 2016. "Implementation of the Lindahl Correspondance via Simple Indirect Mechanisms," AMSE Working Papers 1637, Aix-Marseille School of Economics, Marseille, France.
    7. Ryusuke Shinohara, 2010. "Coalition-proof equilibria in a voluntary participation game," International Journal of Game Theory, Springer;Game Theory Society, vol. 39(4), pages 603-615, October.
    8. Currarini, Sergio, 2002. "Voting on public goods in multi-jurisdictional systems," Research in Economics, Elsevier, vol. 56(2), pages 215-230, June.
    9. Tian, Guoqiang, 2000. "Implementation of balanced linear cost share equilibrium solution in Nash and strong Nash equilibria," Journal of Public Economics, Elsevier, vol. 76(2), pages 239-261, May.
    10. Anne van den Nouweland & Agnieszka Rusinowka, 2018. "Bargaining Foundation for Ratio Equilibrium in Public Good Economies," Documents de travail du Centre d'Economie de la Sorbonne 18004, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
    11. Sertel, Murat R. & Sanver, M. Remzi, 1999. "Equilibrium outcomes of Lindahl-endowment pretension games1," European Journal of Political Economy, Elsevier, vol. 15(2), pages 149-162, June.
    12. Kimya, Mert, 2017. "Nash implementation and tie-breaking rules," Games and Economic Behavior, Elsevier, vol. 102(C), pages 138-146.

    More about this item

    Keywords

    D78; H41; Ratio equilibrium; Public goods; Nash implementation;

    JEL classification:

    • D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation
    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods

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