Triple implementation by sharing mechanisms in production economies with unequal labor skills

نویسندگان

  • Akira Yamada
  • Naoki Yoshihara
چکیده

Under production economies with unequal labor skills, we study axiomatic characterizations of Pareto subsolutions which are implementable by sharing mechanisms in Nash, strong Nash, and subgame-perfect equilibria. The sharing mechanism allows agents to work freely while asking them to give information concerning their demands for outputs, their labor skills, and the prices of goods. Then, the mechanism distributes the produced output to the agents, according to the given information and the profile of their labor hours. Based on the characterizations, we may see most of fair allocation rules, which embody the ethical principles of responsibility and compensation, cannot be implementable when individuals’ labor skills are private information. Journal of Economic Literature Classification Numbers: C72, D51, D78, D82

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Discussion Paper Series A No.475 Triple Implementation by Sharing Mechanisms in Production Economics with Unequal Labor Skill

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عنوان ژورنال:
  • Int. J. Game Theory

دوره 36  شماره 

صفحات  -

تاریخ انتشار 2007