Existence and nash implementation of efficient sharing rules for a commonly owned technology.

• Autores: Luis C. Corchón Díaz, María Socorro Puy Segura
• Localización: Working papers = Documentos de trabajo: Serie AD, Nº. 3, 2000
• Idioma: inglés
• Enlaces
  • Texto completo (pdf)
• Resumen

  • Suppose that a group of individuals owns collectively a technology which produces a consumption good by means of a (possibly heterogeneous) input. A sharing rule associates input contributions with a vector of consumptions that are technologically feasible. We show that the set of allocations obtained by any continuous sharing rule contains a subselection that is Pareto efficient. We also present a mechanism that implements in Nash equlibrium the Pareto efficient allocations contained in an arbitrary sharing rule.