Implementation in economies with non-convex production technologies unknown to the designer

B-Tier
Journal: Games and Economic Behavior
Year: 2009
Volume: 66
Issue: 1
Pages: 526-545

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

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

Abstract

This paper deals with the problem of incentive mechanism design in non-convex production economies when production sets and preferences both are unknown to the designer. We consider Nash-implementation of loss-free, average cost, marginal cost, voluntary trading, and quantity-taking pricing equilibrium allocations in economies involving increasing returns to scale or more general types of non-convexities. The mechanisms presented in the paper are well-behaved. They are feasible, continuous, and use finite dimensional message spaces. Moreover, the mechanisms work not only for three or more agents, but also for two-agent economies.

Technical Details

RePEc Handle
repec:eee:gamebe:v:66:y:2009:i:1:p:526-545
Journal Field
Theory
Author Count
1
Added to Database
2026-01-29