A note on the stability of Chen's Lindahl mechanism
نویسنده
چکیده
There are no general theoretical results on the stability of the Lindahl mechanism introduced by Chen (2002). We show that despite not tting the requirements of the Milgrom and Roberts 1990 stability results for supermodular games, if the Chen mechanism induces a supermodular game, then the best reply map will be a contraction. This gives us a easy to identify su¢ cient condition for dynamic stability of equilibrium.
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ورودعنوان ژورنال:
- Social Choice and Welfare
دوره 38 شماره
صفحات -
تاریخ انتشار 2012