Feasible and Continuous Implementation

S-Tier
Journal: Review of Economic Studies
Year: 1989
Volume: 56
Issue: 4
Pages: 603-611

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

There has been a great deal of research in recent years investigating the question of whether or not there exist institutions (game forms) for which the set of equilibria will coincide with the set of Walrasian equilibria. In this paper we show the existence of a game form that is feasible, both for equilibrium and disequilibrium strategies, continuous, and for which the set of Nash equilibria coincides with the set of (constrained) Walrasian equilibria for all pure exchange economies. The game form allows agents to behave strategically both with respect to their preferences and their initial endowments.

Technical Details

RePEc Handle
repec:oup:restud:v:56:y:1989:i:4:p:603-611.
Journal Field
General
Author Count
2
Added to Database
2026-01-29