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Myopic versus intertemporal manipulation in decentralized planning procedures

Laroque, G.; Rochet, J.-C.; (1983) Myopic versus intertemporal manipulation in decentralized planning procedures. Review of Economic Studies , 50 (1) pp. 187-195.

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Abstract

Manipulation is studied in abstract planning procedures in exchange economies with private goods and a generalization of the results of Champsaur-Laroque (1980) is obtained. When the Nash equilibrium corresponding to myopic manipulation is unique, the outcome of consistent intertemporal manipulation on a time interval [0, T] is characterized. It is shown that when T goes to infinity, the exists a Nash equilibrium only when the initial allocation is Pareto-optimal.

Type: Article
Title: Myopic versus intertemporal manipulation in decentralized planning procedures
Publisher version: http://www.restud.com/abstract.asp?vid=50a&iid=1a&...
Language: English
UCL classification: UCL > School of Arts and Social Sciences > Faculty of Social and Historical Sciences > Economics
URI: http://discovery.ucl.ac.uk/id/eprint/16710
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