Showing 1 - 10 of 25
Persistent link: https://www.econbiz.de/10000137861
Noting that a full characterization of Nash-implementation is given using a canonical-mechanism and Maskin's theorem (Maskin, 1999) is shown using a mechanism with Saijo's type of strategy space reduction (Saijo, 1988), this paper fully characterizes the class of Nashimplementable social choice...
Persistent link: https://www.econbiz.de/10008653613
Conditions α and β are two well-known rationality conditions in the theory of rational choice. This paper examines the implication of weaker versions of these two rationality conditions in the context of solutions to non-convex bargaining problems. It is shown that, together with the standard...
Persistent link: https://www.econbiz.de/10008653615
In production economies with unequal labor skills, one of the intrinsic features for Nash implementation problems is the lack of information about individual skills, which makes the planner ignorant to the set of feasible allocations in advance of production. Given this intrinsic feature, the...
Persistent link: https://www.econbiz.de/10008653620
Persistent link: https://www.econbiz.de/10008992084
Persistent link: https://www.econbiz.de/10009509719
Persistent link: https://www.econbiz.de/10009749876
Persistent link: https://www.econbiz.de/10009666737
Persistent link: https://www.econbiz.de/10009419853
Persistent link: https://www.econbiz.de/10011544396