In this paper, we present a model of implementation where infea- sible allocations are converted into feasible ones through a process of renego- tiation that is represented by a reversion function. We describe the maximal set of Social Choice Correspondences that can be implemented in Nash Equi-...

We consider the effects of rent-seeking activities on resource allocation. Before rent-seeking activities take place, there are prior probabilities that an object will be given to one of several agents. The posterior probability depends on prior probabilities and the expenses incurred by all...