抄録
In this note, we prove two impossibility results of Nash implementation in two-person economies. First, we will show the non-existence of continuous and balanced mechanisms which implement the Walrasian correspondence. Second, by adding a convexity assumption of mechanisms, we present the impossibility of continuous implementation of Pareto optimal and individually rational allocations in balanced way.
本文言語 | English |
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ページ(範囲) | 159-165 |
ページ数 | 7 |
ジャーナル | Review of Economic Design |
巻 | 3 |
号 | 2 |
DOI | |
出版ステータス | Published - 1998 1月 1 |
ASJC Scopus subject areas
- 経済学、計量経済学および金融学(全般)