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Feasible Mechanisms in Economies with Type-Dependent Endowments

机译:类型依赖的Eco赋在经济中的可行机制

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We propose two classes of allocation games for N.T.U. and T.U. exchange economies in which initial endowments and preferences depend on the agents’ private information. In both models, agents make non-verifiable claims about their types and effective deposits of consumption goods, which are redistributed by the planner. In a W-allocation game, the agents can withhold part of their endowment, namely consume whatever they do not deposit. In a D-allocation game, the agents can just destroypart of their endowment. W- and D- incentive compatible (I.C.) direct allocation mechanisms ask every agent to reveal his type and to make a deposit consistent with his reported type. The revelation principle holds in full generality for D-I.C. mechanisms but some care is needed for W-I.C. mechanisms. We further investigate the properties of both classes of mechanisms under common assumptions like non-exclusive information and/or constant aggregate endowment. In T.U. economies, W-I.C. and D-I.C. mechanisms are ex ante equivalent.
机译:我们为N.T.U提出了两类分配游戏。和T.U.最初的ments赋和偏好取决于代理商的私人信息的交换经济体。在这两种模型中,代理商都对其消费商品的类型和有效存款提出不可验证的声明,这些声明由计划者重新分配。在W分配游戏中,代理商可以扣留部分end赋,即消耗掉他们没有存款的任何东西。在D分配游戏中,特工可以销毁部分捐赠。 W和D激励兼容(I.C.)直接分配机制要求每个代理透露他的类型并进行与其报告的类型一致的存款。启示原理在D-I.C。中具有完全普遍性。机制,但需要注意W-I.C。机制。我们将在非专有信息和/或固定总aggregate赋等共同假设下进一步研究这两种机制的性质。在T.U.威斯康星州经济和D-I.C。机制是事前等效的。

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