allocations for economic environments with public goods when agents are incompletely informed about environments. We construct a continuous and feasible mechanism whose Bayesian equilibrium allocations coincide with rational-expectations Lindahl allocations. We not only allow the types of individuals to be unknown but also allow both the preferences and the initial endowments to be unknown to the designer. In addition, we allow some types of boundary equilibrium allocations and a continuous information structure. Journal o
Abstract. This paper considers the issue of designing mechanisms whose Nash allocations and strong N...
Summary. We point out several conceptual difficulties of the rational expectations equilibrium conce...
Using an implementation approach, we investigate the connec-tions between Walrasian and Rational Exp...
This paper identifies several social choice correspondences which are or are not fully implementable...
Abstract. We study a continuous and balanced mechanism that is capable of implementing in Nash equil...
We study a continuous and balanced mechanism that is capable of implementing in Nash equilibrium all...
This paper investigates the problem of designing mechanisms whose Nash allocations coincid...
This paper considers the problem of incentive mechanism design that results in e±cient allocations f...
This paper contains a proof of the existence of Lindahl equilibrium in a very general model of exter...
Rational expectations equilibrium seeks a proper treatment of behavior under private information by ...
In our previous paper, "Optimal Allocation of Public Goods...," (1977) we presented a mechanism for ...
This paper investigates the informational requirements of resource allocation processes in public go...
We construct an elementary mechanism [dutta, b., sen, a., vohra, r., 1995. Nash implementation throu...
In this paper, we continue to explore the equilibrium theory under ambiguity. For a model of a pure ...
The rational expectations equilibrium (REE), as introduced in Radner (1979) in a general equilibrium...
Abstract. This paper considers the issue of designing mechanisms whose Nash allocations and strong N...
Summary. We point out several conceptual difficulties of the rational expectations equilibrium conce...
Using an implementation approach, we investigate the connec-tions between Walrasian and Rational Exp...
This paper identifies several social choice correspondences which are or are not fully implementable...
Abstract. We study a continuous and balanced mechanism that is capable of implementing in Nash equil...
We study a continuous and balanced mechanism that is capable of implementing in Nash equilibrium all...
This paper investigates the problem of designing mechanisms whose Nash allocations coincid...
This paper considers the problem of incentive mechanism design that results in e±cient allocations f...
This paper contains a proof of the existence of Lindahl equilibrium in a very general model of exter...
Rational expectations equilibrium seeks a proper treatment of behavior under private information by ...
In our previous paper, "Optimal Allocation of Public Goods...," (1977) we presented a mechanism for ...
This paper investigates the informational requirements of resource allocation processes in public go...
We construct an elementary mechanism [dutta, b., sen, a., vohra, r., 1995. Nash implementation throu...
In this paper, we continue to explore the equilibrium theory under ambiguity. For a model of a pure ...
The rational expectations equilibrium (REE), as introduced in Radner (1979) in a general equilibrium...
Abstract. This paper considers the issue of designing mechanisms whose Nash allocations and strong N...
Summary. We point out several conceptual difficulties of the rational expectations equilibrium conce...
Using an implementation approach, we investigate the connec-tions between Walrasian and Rational Exp...