Showing 1 - 10 of 37
Persistent link: https://www.econbiz.de/10004964180
In the last few years, the recent regulations of the Energy and Environment Policy of the European Union (EU) Energy Policy, together with the new Common Agricultural Policy (CAP) have been aiming to increase the integration of renewable resources, and in particular of biogas, into the EU energy...
Persistent link: https://www.econbiz.de/10010804264
Persistent link: https://www.econbiz.de/10008671917
The paper fully characterizes the class of Nash implementable social choice correspondences (SCCs) by mechanisms endowed with Saijo’s message space specification—<InlineEquation ID="IEq1"> <EquationSource Format="TEX">$$s$$</EquationSource> </InlineEquation>-mechanisms. This class of SCCs is equivalent to the class of Nash implementable SCCs, though any game form involving...</equationsource></inlineequation>
Persistent link: https://www.econbiz.de/10010993561
Benoît and Ok (Games Econ Behav 64:51–67, <CitationRef CitationID="CR1">2008</CitationRef>) show that in a society with at least three agents any weakly unanimous social choice correspondence (SCC) is Maskin’s monotonic if and only if it is Nash-implementable via a simple stochastic mechanism (Benoît-Ok’s Theorem). This paper...</citationref>
Persistent link: https://www.econbiz.de/10010994720
This paper analyses the implications of classical liberal and libertarian approaches for distributive justice in the context of social welfare orderings. An axiom capturing a liberal non-interfering view of society, named the Weak Harm Principle, is studied, whose roots can be traced back to...
Persistent link: https://www.econbiz.de/10010902491
We study Nash implementation by natural price-quantity mechanisms in pure exchange economies with free-disposal (Saijo et al., 1996, 1999) where agents have weak/strong intrinsic preferences for honesty (Dutta and Sen, 2012). Firstly, the Walrasian rule is shown to be non-implementable where all...
Persistent link: https://www.econbiz.de/10010934350
Given the framework introduced by Dutta and Sen (2012), this paper offers a comprehensive analysis of (Nash) implementation with partially honest agents when there are three or more participants. First, it establishes a condition which is necessary and sufficient for implementation. Second, it...
Persistent link: https://www.econbiz.de/10011014400
Given the framework introduced by Dutta and Sen (2012), this paper offers a comprehensive analysis of (Nash) implementation with artially honest agents when there are three or more participants. First, it establishes a condition which is necessary and sufficient for implementation. Second, it...
Persistent link: https://www.econbiz.de/10011015104
Given the framework introduced by Dutta and Sen (2012), this paper offers a comprehensive analysis of (Nash) implementation with partially honest agents when there are three or more participants. First, it establishes a condition which is necessary and sufficient for implementation. Second, it...
Persistent link: https://www.econbiz.de/10011258792