Are Groves-Ledyard Equilibria Attainable?

DOI10.2307/2297425zbMath0533.90015OpenAlexW1999823728MaRDI QIDQ3316916

Thomas J. Muench, Mark Walker

Publication date: 1983

Published in: The Review of Economic Studies (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/2297425

zbMATH Keywords

stabilityincentiveslarge economylimit behaviorfree-rider problemGroves-Ledyard mechanismsequence of economies

Mathematics Subject Classification ID

Group preferences (91B10) General equilibrium theory (91B50)

Related Items (7)

Stability of the Groves and Ledyard mechanism ⋮ Secure implementation experiments: Do strategy-proof mechanisms really work? ⋮ A characterization of equilibria in the Groves-Ledyard mechanism ⋮ Stable implementation of Lindahl allocations ⋮ Implementation in adaptive better-response dynamics: towards a general theory of bounded rationality in mechanisms ⋮ Adaptive dynamics and the implementation problem with complete information ⋮ A simple auctioneerless mechanism with Walrasian properties

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