Category

Number of Access this item:769（2024-04-25 14:32 Counts）

Identifier to cite or link to this item: https://hdl.handle.net/10086/28679

Link to primary information 

File Format Size Views Description
cover_28679 pdf
070_hiasDP-E-48 pdf 471 KB 913

Item Information

Output File

Title
Natural implementation with semi-responsible agents in pure exchange economies
Creator
Creator Name
LOMBARDI, Michele LOMBARDI, Michele
Affiliation
Affiliation Name
University of Glasgow
Creator Name
YOSHIHARA, Naoki YOSHIHARA, Naoki
吉原, 直毅 吉原, 直毅
Affiliation
Affiliation Name
University of Massachusetts Amherst
Affiliation
Affiliation Name
Hitotsubashi University
Affiliation
Affiliation Name
Kochi University of Technology
Editor
Contributor Name
Hitotsubashi Institute for Advanced Study, Hitotsubashi University
Key Word
Nash equilibrium
exchange economies
intrinsic preferences for responsibility,
boundary problem
price-quantity mechanism
JEL
C72
D71
Abstract
We study Nash implementation by natural price-quantity mechanisms in pure exchange economies when agents have intrinsic preferences for responsibility. An agent has an intrinsic preference for responsibility if she cares about truth-telling that is in line with the goal of the mechanism designer besides her material well-being. A semi-responsible agent is an agent who, given what her opponents do, acts in an irresponsible manner when a responsible behavior poses obstacles to her material well-being. The class of efficient allocation rules that are Nash implementable is identified provided that there is at least one agent who is semi-responsible. The Walrasian rule is shown to belong to that class.
Publisher
Hitotsubashi Institute for Advanced Study, Hitotsubashi University
Issued Date
2016-12
Language
English(eng)
Resource Type
technical report
Version Type
VoR
Is Part OfRelation -
Related Title
Discussion paper series ; No. HIAS-E-48
Number of Pages
22
Appears in Collections
Discussion paper series / Hitotsubashi Institute for Advanced Study, Hitotsubashi University
URL
https://hdl.handle.net/10086/28679