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Nash implementation with a private good - MaRDI portal

Nash implementation with a private good (Q1865168)

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scientific article; zbMATH DE number 1887530
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Nash implementation with a private good
scientific article; zbMATH DE number 1887530

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    Nash implementation with a private good (English)
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    25 March 2003
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    The author constructs a mechanism for the implementation of constrained Lindahl outcomes in the presence of a private transferable good and shows that an outcome is a Nash equilibrium if and only if it is constrained Lindahl. Next, the author considers the implementation of a class of social choice rules based on price, again establishing a Nash equilibrium criterion. Finally, the author generalizes arbitrary social planning problems subject to the conditions of montonicity and the existence of a private good.
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    Nash implementation
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    Lindahl equilibrium
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    Walrasian equilibrium
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    simple mechanisms
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    monotonicity
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    private good
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