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We study a balanced mechanism that is capable of implementing in Nash equilibrium all the Pareto-efficient individually rational allocations for an economy with public goods. The Government chooses a set of weights directly related to the Lindahl prices corresponding to the Pareto-efficient...
Persistent link: https://www.econbiz.de/10005370620
We study two-sided many-to-one matching markets with interdependent valuations and imperfect information held by one side of the market. The other side has common and known preferences over potential mates. In this setting, pairwise stability does not imply group stability: mechanisms that are...
Persistent link: https://www.econbiz.de/10011240968