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We provide a new price-quantity mechanism to implement the Lindahl allocations as Nash equilibria. We show that it satisfies the property of forthrightness, introduced by Saijo et al. [1996]. Thus, at a Nash equilibrium, each player reports directly and honestly his personal price and his demand...
Persistent link: https://www.econbiz.de/10011187259
In this note, we discuss the existence of anonymous and balanced mechanisms to implement the Lindahl allocations. We obtain an impossibility result for the class of mechanisms defining an homeomorphism between the message space and the allocation space.
Persistent link: https://www.econbiz.de/10005816012