Publication: Pigouvian Taxes: A Stratefic Approach
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1996
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Instituto de Investigaciones Económicas
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Abstract
This papers analyzzes the problem of designing mechanisms to implement efficient solutiions in economies with externalities. We provide two
simple mechanisms implementating the Pigouvian Social Choice Correspondence in enviorement in which coalitions can be formed. Finally, we study economies in which agents are incompletely informed, and provide a mechanis that implements this social choice correspondence in Bayesian equilibrium.