Myopic Versus Intertemporal Manipulation in Decentralized Planning Procedures

S-Tier
Journal: Review of Economic Studies
Year: 1983
Volume: 50
Issue: 1
Pages: 187-195

Score contribution per author:

4.022 = (α=2.01 / 2 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Manipulation is studied in abstract planning procedures in exchange economies with private goods and a generalization of the results of Champsaur-Laroque (1980) is obtained. When the Nash equilibrium corresponding to myopic manipulation is unique, the outcome of consistent intertemporal manipulation on a time interval [0, T] is characterized. It is shown that when T goes to infinity, the resulting allocation tends towards a competitive equilibrium. For T equal to infinity, there exists a Nash equilibrium only when the initial allocation is Pareto-optimal.

Technical Details

RePEc Handle
repec:oup:restud:v:50:y:1983:i:1:p:187-195.
Journal Field
General
Author Count
2
Added to Database
2026-01-25