Nash implementation with an infinite-dimensional trade space

被引：0

作者：

Bernis G. ^{[1
]}

Giraud G. ^{[2
]}

机构：

[1] Calyon, Capital Markets - GCE, 92920 Paris-La Défense

[2] CERMSEM, Université Paris 1, 75647 Paris cedex 13

来源：

Review of Economic Design | 2005年 / 9卷 / 3期

关键词：

Banach lattice; Constrained Walras equilibria; Mechanism design; Non-ordered preferences;

D O I：

10.1007/s10058-005-0130-1

中图分类号：

学科分类号：

摘要：

This paper deals with the problem of implementing the Walras correspondence via Nash equilibria, in exchange economies with infinitely many commodities and finitely many households with possibly non-ordered preferences. We explicitly construct a feasible mechanism enjoying some features, which have natural economic meanings. Under a fairly weak boundary condition, this game fully implements the Walras equilibria. If this condition is not fulfilled, our mechanism nevertheless implements the constrained Walras equilibria. © Springer-Verlag 2005.

引用

页码：271 / 287

页数：16

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