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equilibrium. Finally, I provide a revelation principle for supermodular implementation in environments with general preferences. …
Persistent link: https://www.econbiz.de/10011599433
We study the design of mechanisms that implement Lindahl or Walrasian allocations and whose Nash equilibria are dynamically stable for a wide class of adaptive dynamics. We argue that supermodularity is not a desirable stability criterion in this mechanism design context, focusing instead on...
Persistent link: https://www.econbiz.de/10011599472
with direct feedback into the decision loops of project design and implementation. Our argument is that within …
Persistent link: https://www.econbiz.de/10010319946
An environmental agreement in an oligopolistic market may violate the competition rules, as described in Articles 81 and 82 of the Treaty. Ordinarily, some collusion among firms is necessary for an environmental agreement to be successful. This collusion may be acceptable when it relates to the...
Persistent link: https://www.econbiz.de/10011608636