Impossibility of Nash implementation in two-person economies

研究成果: Article査読

1 被引用数 (Scopus)

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
ページ(範囲)159-165
ページ数7
ジャーナルReview of Economic Design
3
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)

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