Double implementation the ratio correspondence by a market mechanism

Corchón, Luis C.; Wilkie, Simon

Double implementation the ratio correspondence by a market mechanism

Autor(es): Corchón, Luis C.; Wilkie, Simon

Editorial: Springer

Fecha de edición: 1996

Cita: Review Economic Design. 1996, vol 2, nº 1, p. 325-337

ISSN: 1434-4750

DOI: 10.1007/BF02499139

Revisado: PeerReviewed

Versión del editor: http://dx.doi.org/10.1007/BF02499139

Palabras clave: Ratio equilibrium , Public goods , Nash implementation

URI: http://hdl.handle.net/10016/4192

Derechos: The original publication is available at www.springerlink.com

Resumen:

To overcome deficits of the Lindahl solution concept when the economy does not exibit constant returns to scale, Kaneko(1977a) introduced the concept of ratio equilibrium. The ratio correspondence selects for each economy its set of ratio equilibrium allocatio [+]

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