Stability of the Groves and Ledyard mechanism
type: Item
instance of: scholarly article
title: Stability of the Groves and Ledyard mechanism
zbMATH Open document ID: 0653.90010
DOI: 10.1016/0022-0531(88)90156-1
author: Pierre de Trenqualye
published in: Journal of Economic Theory
publication date: 1988-01-01T00:00:00Z
review text: 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.
Mathematics Subject Classification ID: 91B62
Mathematics Subject Classification ID: 91B50
Mathematics Subject Classification ID: 91A40
zbMATH DE Number: 4066582
zbMATH Keywords: stability
zbMATH Keywords: Nash equilibria
zbMATH Keywords: public good economy
zbMATH Keywords: Cournot best-replay behavior
MaRDI profile type: Publication
full work available at URL: 0022-0531(88)90156-1
OpenAlex ID: W2069201655
cites work: Q3208356
cites work: Optimal Allocation of Public Goods: A Solution to the "Free Rider" Problem
cites work: Outcome Functions Yielding Walrasian and Lindahl Allocations at Nash Equilibrium Points
cites work: Are Groves-Ledyard Equilibria Attainable?
cites work: A Simple Incentive Compatible Scheme for Attaining Lindahl Allocations
cites work: A simple auctioneerless mechanism with Walrasian properties
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description: scientific article; zbMATH DE number 4066582