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Existence and Nash implementation of efficient sharing rules for a commonly owned technology

Author

Listed:
  • Luis C. Corchón

    () (Departamento de Economi´a, Universidad Carlos III, 28903 Getafe , Spain)

  • M. Socorro Puy

    () (Departamento de Teori´a e Historia Económica, Universidad de Málaga, Campus el Ejido, 29013 Málaga, Spain)

Abstract

Suppose that a group of individuals owns collectively a technology which produces a consumption good by means of a (possibly heterogeneous) input. A sharing rule associates input contributions with a vector of consumptions that are technologically feasible. We show that the set of allocations obtained by any continuous sharing rule contains Pareto efficient allocations. We also present a mechanism that implements in Nash equilibrium the Pareto efficient allocations contained in an arbitrary sharing rule.

Suggested Citation

  • Luis C. Corchón & M. Socorro Puy, 2002. "Existence and Nash implementation of efficient sharing rules for a commonly owned technology," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 19(2), pages 369-379.
  • Handle: RePEc:spr:sochwe:v:19:y:2002:i:2:p:369-379
    Note: Received: 29 June 1998/Accepted: 15 November 2000
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    References listed on IDEAS

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    1. Schmeidler David & Tauman Yair, 1994. "Incentive-Compatible Cost-Allocation Schemes," Journal of Economic Theory, Elsevier, vol. 63(2), pages 189-207, August.
    2. 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.
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    Cited by:

    1. Beviá, Carmen & Corchón, Luis C., 2009. "Cooperative production and efficiency," Mathematical Social Sciences, Elsevier, vol. 57(2), pages 143-154, March.
    2. Corchón, Luis C., 2008. "The theory of implementation : what did we learn?," UC3M Working papers. Economics we081207, Universidad Carlos III de Madrid. Departamento de Economía.
    3. Moulin, Hervé, 2010. "An efficient and almost budget balanced cost sharing method," Games and Economic Behavior, Elsevier, vol. 70(1), pages 107-131, September.
    4. Leroux, Justin, 2004. "Pooling Private Technologies: Improving upon Autarky," Working Papers 2004-08, Rice University, Department of Economics.
    5. Leroux, Justin, 2005. "Strategyproof Profit Sharing in Partnerships: Improving upon Autarky," Working Papers 2005-05, Rice University, Department of Economics.
    6. Leroux, Justin, 2005. "Strategyproof Profit Sharing: A Two-Agent Characterization," Working Papers 2005-04, Rice University, Department of Economics.
    7. Leroux, Justin, 2008. "Profit sharing in unique Nash equilibrium: Characterization in the two-agent case," Games and Economic Behavior, Elsevier, vol. 62(2), pages 558-572, March.

    More about this item

    JEL classification:

    • D50 - Microeconomics - - General Equilibrium and Disequilibrium - - - General
    • L32 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Enterprises; Public-Private Enterprises
    • H82 - Public Economics - - Miscellaneous Issues - - - Governmental Property
    • P13 - Economic Systems - - Capitalist Systems - - - Cooperative Enterprises

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