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A note on incentives in large economies

Champsaur, P.; Laroque, G.; (1982) A note on incentives in large economies. Review of Economic Studies , 49 (4) pp. 627-635.

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Nash equilibria of anonymous and efficient mechanisms are studied in economies with a continuum of traders. Conditions are given under which some or all the Nash equilibria of such mechanisms yield competitive allocations. Particular attention is payed to the case of direct mechanisms where the truth constitutes a Nash equilibrium.

Type: Article
Title: A note on incentives in large economies
Publisher version: http://www.restud.com/abstract.asp?vid=49a&iid=4a&...
Language: English
UCL classification: UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of SandHS > Dept of Economics
URI: http://discovery.ucl.ac.uk/id/eprint/16709
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