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Persistent link: https://www.econbiz.de/10009673058
Noting that a full characterization of Nash-implementation is given using a canonical-mechanism and Maskin's theorem (Maskin, 1999) is shown using a mechanism with Saijo's type of strategy space reduction (Saijo, 1988), this paper fully characterizes the class of Nash-implementable social choice...
Persistent link: https://www.econbiz.de/10014195916
In this paper, we introduce the weak and the strong notions of partially honest agents (Dutta and Sen, 2012), and then study implementation by natural price-quantity mechanisms (Saijo et al., 1996a, 1999) in pure exchange economies. Firstly, assuming that there exists at least one partially...
Persistent link: https://www.econbiz.de/10013065108
We study Nash implementation by natural price-quantity mechanisms in pure exchange economies with free-disposal (Saijo et al., 1996, 1999) when agents have weak/strong intrinsic preferences for honesty (Dutta and Sen, 2012). First, the Walrasian rule is shown to be non-implementable when all...
Persistent link: https://www.econbiz.de/10013048472
This study experimentally evaluates the performance of partial equilibrium mechanisms when different sectors run their mechanisms separately, despite the existence of complementarity between them.In our simple laboratory experiment setting that includes two sectors, each sector runs the...
Persistent link: https://www.econbiz.de/10013215741
Persistent link: https://www.econbiz.de/10003919617
Persistent link: https://www.econbiz.de/10003985823
Noting that a full characterization of Nash-implementation is given using a canonical-mechanism and Maskin's theorem (Maskin, 1999) is shown using a mechanism with Saijo's type of strategy space reduction (Saijo, 1988), this paper fully characterizes the class of Nashimplementable social choice...
Persistent link: https://www.econbiz.de/10008653613
Persistent link: https://www.econbiz.de/10009240089
Persistent link: https://www.econbiz.de/10009428078