Showing 1 - 10 of 19
Persistent link: https://www.econbiz.de/10003985823
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
Persistent link: https://www.econbiz.de/10008992084
Persistent link: https://www.econbiz.de/10009792066
Persistent link: https://www.econbiz.de/10011544623
Persistent link: https://www.econbiz.de/10011544632
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/10010426591
Persistent link: https://www.econbiz.de/10010429339
Persistent link: https://www.econbiz.de/10009777132
Persistent link: https://www.econbiz.de/10012301473