Stability of the Groves and Ledyard mechanism
It is shown that the Nash equilibria of the game defined by the Groves and Ledyard mechanism [see \textit{T. Groves} and \textit{J. Ledyard}, Econometrica 45, 783-809 (1977; Zbl 0363.90015)] in a public good economy can be made locally stable under Cournot best-replay behavior and general assumptions on preferences.
scientific article; zbMATH DE number 4066582
scientific article