Double implementation of the ratio correspondence by a market mechanisnl
نویسندگان
چکیده
Tu ovcrcome deficils 01 lhe Lindahl solulion concepl when lhe econlJl1ly does nol exhibil conslanl relurns lo scale. Kaneko (1977a) introduced lhe concepl (lf a ratio equilibriulII. The ratio cOl'l'e.l'pOllllellCe sdects for each economy its sel 01' ralio equilibrium allocations. In Ihis papcr we provide a simple markel game lhal double illll'lel//t'nts lhe ratio con'espondence in Nash and strong equilibria.
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