Implementation of marginal cost pricing equilibrium allocations with transfers in economies with increasing returns to scale

作者：Tian Guoqiang^*

来源：Review of Economic Design, 2010, 14(1-2): 163-184.

DOI：10.1007/s10058-009-0088-5

• Well-behaved mechanism
• Implementation
• Marginal cost pricing equilibrium with transfers
• Increasing returns
• Non-convexities

This paper considers implementation of marginal cost pricing equilibrium allocations with transfers for production economies with increasing returns to scale. We present a mechanism whose Nash equilibrium allocations coincide with the set of marginal cost pricing equilibrium allocations with transfers that characterizes Pareto efficient allocations for economies with non-convex production technologies. We allow production sets and preferences to be unknown to the planner. The mechanism has some nice properties such as feasibility, continuity, and finite-dimension of message space. Furthermore, it works not only for three or more agents, but also for two-agent economies.

• 出版日期2010-3
• 单位上海大学