A stable Nash mechanism implementing Lindahl allocations for quasi-linear environments (Q687051)
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scientific article; zbMATH DE number 429101
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | A stable Nash mechanism implementing Lindahl allocations for quasi-linear environments |
scientific article; zbMATH DE number 429101 |
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A stable Nash mechanism implementing Lindahl allocations for quasi-linear environments (English)
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2 December 1993
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A game form is presented which implements the Lindahl equilibria for the class of two-good economies, where consumers have quasi-linear and well- behaved preferences. The Nash equilibria of the game are shown to be globally stable equilibria of the natural gradient process associated with the game form.
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implementation
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stability
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Lindahl equilibria
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two-good economies
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Nash equilibria
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globally stable equilibria
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