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The authors identify some fundamental conditions that a 'natural' mechanism should satisfy in exchange economies. First, they provide necessary and sufficient conditions for social choice correspondences to be implemented in Nash equilibria by natural mechanisms. Second, they show that the class...
Persistent link: https://www.econbiz.de/10005400901
Copyright Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association
Persistent link: https://www.econbiz.de/10005230375