Showing 191 - 200 of 257
Persistent link: https://www.econbiz.de/10009286961
Persistent link: https://www.econbiz.de/10008850231
Persistent link: https://www.econbiz.de/10008896489
This paper considers the issue of designing mechanisms whose Nash allocations and strong Nash allocations coincide with Lindahl allocations for public goods economies when coalition patterns, preferences, and endowments are unknown to the designer. It will be noted that the mechanism presented...
Persistent link: https://www.econbiz.de/10014175849
This paper considers double implementation of Walrasian allocations and Lindahl allocations in Nash and strong Nash equilibria for both private and public goods economies when preferences, initial endowments, production technologies, and coalition patterns are all unknown to the designer. It...
Persistent link: https://www.econbiz.de/10014194819
This article investigates the informational requirements of resource allocation processes in pure exchange economies with consumption externalities. It is shown that the distributive Lindahl mechanism has a minimal informational size of the message space, and thus it is informationally the most...
Persistent link: https://www.econbiz.de/10014073013
For school choice problems with affirmative action, responsiveness is used as a measure of how a matching mechanism performs in terms of a certain type of affirmative action policy. We know that the Deferred Acceptance (DA) mechanism is not responsive to the priority-based affirmative action on...
Persistent link: https://www.econbiz.de/10013293737
We consider majority voting over selfishly optimal nonlinear income tax schedules proposed by a continuum of individuals who differ in their privately observable skills. A tax schedule is feasible if it respects the participation constraint for the highest skill type (``top talent'') and the...
Persistent link: https://www.econbiz.de/10014345084
This paper considers Bayesian and Nash implementation in exchange economic environments with state dependent preferences and feasible sets. We fully characterize Bayesian implementability for both diffuse and non-diffuse information structures. We show that, in exchange economic environments...
Persistent link: https://www.econbiz.de/10014208048
Persistent link: https://www.econbiz.de/10004961455