In this paper, we study full implementation problem by mechanisms that allow delay. The delay on the equilibrium path may be zero, infinitesimally small or a fixed positive number. In all these three cases, implementable rules are characterized by a monotonicity-like condition alone, including...

We consider the implementation problem under incomplete information and private values. We investigate double implementability of social choice functions in dominant strategy equilibria and ex post equilibria. We show that the notion of an ex post equilibrium is weaker than the notion of a...

Mechanisms for Nash implementation in the literature are fragile in the sense that they fail if just one or two players do not follow their equilibrium strategy. A mechanism is outcome-robust if its equilibrium outcome is not affected by any deviating minority of players. Is Nash implementation...

In this paper we consider an oligopoly and we are concerned with the effect on the price of Y and the pay-offs/utilities of the buyers and sellers of entry in the market of buyers and/or sellers. Hence our paper is concerned with comparative statics in oligopolistic markets

In this paper we consider a class of market games in the context of a pure exchange economy with commodity money. Each trader chooses an action which is a list of what that trader would want to buy from each and every trader different from himself and two price vectors- one listing the bid...

This paper establishes a clear connection between equilibrium theory, game theory and social choice theory by showing that, for a well defined social choice problem, a condition which is necessary and sufficient to solve this problem--limited arbitrage--is the same as the condition which is...

The transformation of the European energy system requires substantial investment in transmission capacity to facilitate cross-border trade and to efficiently integrate renewable energy sources. However, network planning in the EU is still mainly a national prerogative. In contrast to other...

This research states the stylised n (more than two) players' splitting problem as a mathematical programme, relying on definitions of the values of the game and problem stationarity to generate tractable reduced forms, and derives the known solutions according to the properties of pertaining...

This paper applies the framework of endogenous timing in games to mixed quantity duopoly, wherein a private domestic or foreign firm competes with a public, welfare maximizing firm. We show that simultaneous play never emerges as a subgame-perfect equilibrium of the extended game, in sharp...

The purpose of this paper is to investigate the asymptotic behavior of oligopoly equilibrium in the framework of multilateral exchange when the economy is replicated a finite number of times and show that the sequence of associated price-allocation pair converges to the competitive equilibrium...