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This paper considers the problem of designing mechanisms whose Nash allocations coincide with the Lindahl allocations for public goods economies with more than one private good. Unlike previous mechanisms, the mechanism presented here has a single-valued, feasible, and continuous outcome...
Persistent link: https://www.econbiz.de/10005242837
This paper characterizes pure-strategy and dominant-strategy Nash equilibrium in noncooperative games that may have discontinuous and/or non-quasi-concave payoffs. Conditions called diagonal transfer quasi-concavity and uniform transfer quasi-concavity are shown to be necessary and, with...
Persistent link: https://www.econbiz.de/10005672600
This paper provides necessary and sufficient conditions for the existence of greatest and maximal elements of weak and strict preferences, and unifies two very different approaches used in the related literature (the convexity and acyclicity approaches). Conditions called transfer FS-convexity...
Persistent link: https://www.econbiz.de/10005672637