Nash implementation in production economies with unequal skills: a characterization

Yoshihara, Naoki; Yamada, Akira

doi:10.1007/s00355-019-01174-w

Soc Choice Welf

2019

DOI: 10.1007/s00355-019-01174-w

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Nash implementation in production economies with unequal skills: a characterization

Naoki Yoshihara

Akira Yamada

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Strategy-proofness and efficiency in labour production economy with unequal skills

Hayashi

2019

JER

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This paper characterizes the class of strategy-proof and efficient rules in a labour production economy in which technology is linear and individuals may have unequal labour productivities. As each individual's wage per hour is determined by his labour productivity under efficiency, an allocation rule reduces to a lump-sum transfer rule. We characterize how strategy-proofness and other axioms put restrictions on the class of lump-sum transfer rules, and we show that what we can do using lump-sum transfers is quite limited.

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Strategy-proofness and efficiency in labour production economy with unequal skills

Hayashi

2019

JER

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Nash implementation in production economies with unequal skills: a characterization

Cited by 1 publication

References 17 publications

Strategy-proofness and efficiency in labour production economy with unequal skills

Strategy-proofness and efficiency in labour production economy with unequal skills

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