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Title: |
An Incentive Compatible Price Mechanism for
Attaining Lindahl Allocation |
| Author: |
Lee, Do Sung |
| Author
Affiliation: |
Sogang U |
| Source: |
International Economic Journal, Summer 1987, v. 1, no. 2, pp. 47-59 |
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Publication Date: |
Summer 1987 |
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Abstract: |
A mechanism operated by price signals of
individuals that yields Lindahl allocation as an outcome is studied.
This mechanism incorporates producers as players as well as consumers.
The mechanism incorporates producers as players as well as consumers.
The mechanism is valid when there are two or more consumers. A stale
allocation rule exists when two consumers are present, and a stable
operation of the mechanism through parameter for the more general
environment is analyzed. |
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