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Characterizing Natural Implementability: The Fair and Walrasian Correspondences

✍ Scribed by Tatsuyoshi Saijo; Yoshikatsu Tatamitani; Takehiko Yamato


Book ID
115611150
Publisher
Elsevier Science
Year
1999
Tongue
English
Weight
297 KB
Volume
28
Category
Article
ISSN
0899-8256

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This paper consideres the problem of designing "better" mechanisms whose Nash allocations coincide with constrained Walrasian allocations for nonneoclassical economies under the minimal possible assumptions. We show that no assumprions on preferences are needed for feasible and continuous implementa