Natural and double implementation of public ownership solutions in differentiable production economies

This paper examines the implementation of two public ownership solutions in convex production economies with differentiable production functions. The two public ownership solutions we focus on are the proportional and equal benefit solutions. Two "natural" mechanisms which doubly implement the proportional and equal benefit solutions respectively in Nash and strong Nash equilibria are proposed without assuming free disposal.

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Year of publication:	1999-06-24
Authors:	Yoshihara, Naoki
Published in:	Review of Economic Design. - Springer. - Vol. 4.1999, 2, p. 127-151
Publisher:	Springer
Subject:	Double implemantation \| the proportional solution \| the equal benefit solution \| natural mechanisms

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Extent:	application/pdf
Type of publication:	Article
Notes:	Received: 7 May 1996 / Accepted: 1 December 1998
Classification:	C72 - Noncooperative Games ; D51 - Exchange and Production Economies ; D78 - Positive Analysis of Policy-Making and Implementation ; H42 - Publicly Provided Private Goods
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005370552