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Nash Implementation under Allocative Constraints

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Authors

Ju, Biung-Ghi

Issue Date
2012-12
Publisher
서울대학교 경제연구소
Citation
경제논집, Vol.51 No.2, pp. 367-378
Keywords
Nash implementationSocial choice rulesExchange economiesMonotonicity
Abstract
In exchange economies, we investigate social choice rules that can be implemented in

Nash equilibrium under some allocative constraints. Allocative constraints can represent standard normative requirements such as efficiency and fairness and are formulated by a fixed set of allocations from which outcome functions (of game forms) can take values. We show that an extended notion of Maskins monotonicity[Maskin(1977, 1999)] is a necessary and sufficient condition for Nash implementation under allocative constraints.
ISSN
1738-1150
Language
English
URI
https://hdl.handle.net/10371/81194
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