A stable Nash mechanism implementing Lindahl allocations for quasi-linear environments (Q687051)

From MaRDI portal
scientific article
Language Label Description Also known as
English
A stable Nash mechanism implementing Lindahl allocations for quasi-linear environments
scientific article

    Statements

    A stable Nash mechanism implementing Lindahl allocations for quasi-linear environments (English)
    0 references
    0 references
    2 December 1993
    0 references
    A game form is presented which implements the Lindahl equilibria for the class of two-good economies, where consumers have quasi-linear and well- behaved preferences. The Nash equilibria of the game are shown to be globally stable equilibria of the natural gradient process associated with the game form.
    0 references
    implementation
    0 references
    stability
    0 references
    Lindahl equilibria
    0 references
    two-good economies
    0 references
    Nash equilibria
    0 references
    globally stable equilibria
    0 references
    0 references

    Identifiers