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:	1998
Authors:	Yoshihara, N.
Institutions:	Institute of Social and Economic Research (ISER), Osaka University
Subject:	GAMES \| GAME THEORY \| GOVERNMENT POLICY \| OWNERSHIP

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Series:	Osaka - Institute of Social and Economic Research.
Type of publication:	Book / Working Paper
Notes:	32 pages
Classification:	C71 - Cooperative 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/10005639264