Surplus Sharing with a Two-Stage Mechanism

In this article we consider environments where agents jointly produce a private output good by contributing privately owned resources. An efficient outcome may not be realized due to strategic behavior and conflicting interests of the agents. We construct a two-stage mechanism, building on a Varian mechanism. The modified mechanism ensures an equilibrium for a large class of preferences and guarantees the feasibility of outcomes

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Year of publication:	2001
Authors:	Kaplan, Todd R. ; Wettstein, David
Publisher:	[S.l.] : SSRN
Description of contents:	Abstract [papers.ssrn.com]

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Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: International Economic Review, Vol. 41, No. 2, May 2000 Volltext nicht verfügbar
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014147015