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Palgrave Macmillan

The Theory of Implementation of Socially Optimal Decisions in Economics

  • Book
  • © 1996

Overview

Authors:
  1. Luis C. Corchón

    1. Universidad de Alicante, Alicante, Spain

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Table of contents (7 chapters)

  1. Front Matter

    Pages i-xiv
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  2. Economies with Public Goods

    • Luis C. Corchón
    Pages 1-24

  3. Resource Allocation Mechanisms

    • Luis C. Corchón
    Pages 25-38

  4. Dominant Strategies and Direct Mechanisms

    • Luis C. Corchón
    Pages 39-63

  5. Implementation in Nash Equilibrium (I): General Results

    • Luis C. Corchón
    Pages 65-87

  6. Implementation in Nash Equilibrium (II): Applications

    • Luis C. Corchón
    Pages 89-112

  7. Refining Nash Implementation

    • Luis C. Corchón
    Pages 113-135

  8. Bayesian Implementation

    • Luis C. Corchón
    Pages 137-155

  9. Back Matter

    Pages 156-165
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Keywords

About this book

Since the early seventies, following the pioneering work by Leo Hurwicz, economists have been studying the relationship between socially optimal goals and private self-interest. The task was to reconcile the Utopian and Hobbesian traditions, using game theory to find ways to organise the society that are both socially optimal and incentive compatible. This book provides a succinct and up-to-date account of this vast literature and will be welcomed by students, lecturers and anyone wishing to update their knowledge of the field.

Authors and Affiliations

  • Universidad de Alicante, Alicante, Spain

    Luis C. Corchón

About the author

LUIS C. CORCHÓN is Professor of Economics at the Universidad de Alicante, Alicante, Spain. He has been a visiting scholar at Harvard University and the University of Rochester, and a visitor at the University of California at Davis, University of Bielefeld, the Institute for Advanced Studies in Vienna, the Hebrew University and the Indian Statistical Institute. He was a Fulbright Scholar in 1989, and has had papers published in the Quarterly Journal of Economics, Economic Theory, Economic Design, the International Journal of Industrial Organization, Mathematical Social Sciences, Economics Letters and the Scandinavian Journal of Economics.

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