Natural and double implementation of public ownership solutions in differentiable production economies

Naoki Yoshihara ()

Review of Economic Design, 1999, vol. 4, issue 2, 127-151

Abstract: This paper examines the implementation of two public ownership solutions in convex production economies with differentiable production functions. The two public ownership solutions we focus on are the proportional and equal benefit solutions. Two "natural" mechanisms which doubly implement the proportional and equal benefit solutions respectively in Nash and strong Nash equilibria are proposed without assuming free disposal.

Keywords: Double implemantation; the proportional solution; the equal benefit solution; natural mechanisms (search for similar items in EconPapers)
JEL-codes: C72 D51 D78 H42 (search for similar items in EconPapers)
Date: 1999-06-24
Note: Received: 7 May 1996 / Accepted: 1 December 1998
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Citations: View citations in EconPapers (9)

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