In this paper, we characterize all interior and boundary equilibria of the Groves- Ledyard mechanism for a large class of economies and demonstrate their stability or lack thereof. We prove that the mechanism implements large numbers of inefficient and stable boundary equilibria, one for each of...

The book presents a basic introduction to epidemiology from the perspective of economics, using economic modeling to better understand and describe how infectious disease spreads. Three main elements are introduced: epidemiology, social network analysis, and the economics needed to model the...