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Implementation of the Walrasian correspondence by market games

✍ Scribed by Carmen Beviá; Luis C. Corchón; Simon Wilkie


Publisher
Elsevier Science
Year
2003
Tongue
English
Weight
187 KB
Volume
7
Category
Article
ISSN
1434-4750

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Implementation of the Walrasian correspo
✍ Guoqiang Tian 📂 Article 📅 1992 🏛 Springer 🌐 English ⚖ 877 KB

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