Natural and double implementation of public ownership solutions in differentiable production economies
This paper examines the implementation of two public ownership solutions in convex production economies with differentiable production functions. The two public ownership solutions we focus on are the proportional and equal benefit solutions. Two "natural" mechanisms which doubly implement the proportional and equal benefit solutions respectively in Nash and strong Nash equilibria are proposed without assuming free disposal.
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Volume (Year): 4 (1999)
Issue (Month): 2 ()
|Note:||Received: 7 May 1996 / Accepted: 1 December 1998|
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