Inicio Informe de Actividades CEA 2005-2006  
Publicaciones Anteriores
 
DOCUMENTOS DE TRABAJO CEA / WORKINGS PAPERS 2008

255

Implementation with renegotiation when preferences and feasible sets are state dependent


Keywords: State Dependent Feasible Sets, Reversion Function, Implementation.

 
Ver / Bajar Archivo

  Resumen / Abstract :
 

In this paper, we present a model of implementation where infeasible allocations are converted into feasible ones through a process of renegotiation that is represented by a reversion function. We describe the maximal set of Social Choice Correspondences that can be implemented in Nash Equilibrium in a class of reversion functions that punish agents for infeasibilities. This is used to study the implementation of the Walrasian Correspondence and several axiomatic solutions to problems of bargaining and taxation.

 

JEL Classification Numbers: C72, D60, D78.



Autores / Authors :
 

Luis Corchón

 
 

Matteo Triossi

 

mtriossi@dii.uchile.cl


 
 
 
 

 

 

 

 

 

 

 

 

 

 

Centro de Economía Aplicada CEA | Av. República 701 | Fono: (562) 978 4084 | Fax: (562) 689 7895 | Santiago - CHILE | infocea@dii.uchile.cl | www.cea-u.chile.cl