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The unique informational efficiency of the competitive mechanism in economies with production

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  • Guoqiang Tian

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  • Guoqiang Tian, 2006. "The unique informational efficiency of the competitive mechanism in economies with production," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 26(1), pages 155-182, January.
    • Handle: RePEc:spr:sochwe:v:26:y:2006:i:1:p:155-182
    DOI: 10.1007/s00355-005-0056-0
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    References listed on IDEAS

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    1. Calsamiglia, Xavier & Kirman, Alan, 1993. "A Unique Informationally Efficient and Decentralized Mechanism with Fair Outcomes," Econometrica, Econometric Society, vol. 61(5), pages 1147-1172, September.
    2. Hurwicz, Leonid, 1999. "Revisiting Externalities," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 1(2), pages 225-245.
    3. Hurwicz, Leonid, 1979. "On allocations attainable through Nash equilibria," Journal of Economic Theory, Elsevier, vol. 21(1), pages 140-165, August.
    4. Eric Maskin, 1999. "Nash Equilibrium and Welfare Optimality," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 66(1), pages 23-38.
    5. Stefan Reichelstein & Stanley Reiter, 1985. "Game Forms with Minimal Strategy Spaces," Discussion Papers 663, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    6. Takashi Ishikida & Thomas Marschak, 1996. "Mechanisms that efficiently verify the optimality of a proposed action," Review of Economic Design, Springer;Society for Economic Design, vol. 2(1), pages 33-68, December.
    7. Walker, Mark, 1977. "On the informational size of message spaces," Journal of Economic Theory, Elsevier, vol. 15(2), pages 366-375, August.
    8. Hurwicz, Leonid, 1973. "The Design of Mechanisms for Resource Allocation," American Economic Review, American Economic Association, vol. 63(2), pages 1-30, May.
    9. Mount, Kenneth & Reiter, Stanley, 1974. "The informational size of message spaces," Journal of Economic Theory, Elsevier, vol. 8(2), pages 161-192, June.
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    Cited by:

    1. Tian, Guoqiang, 2004. "On the Informational Requirements of Decentralized Pareto-Satisfactory Mechanisms in Economies with Increasing Returns," MPRA Paper 41226, University Library of Munich, Germany, revised Oct 2006.
    2. Meng, Dawen & Tian, Guoqiang, 2013. "Multi-task incentive contract and performance measurement with multidimensional types," Games and Economic Behavior, Elsevier, vol. 77(1), pages 377-404.
    3. Tian, Guoqiang & Xiao, Mingjun, 2007. "Endogenous Information Acquisition on Opponents' Valuations in Multidimensional First Price Auctions," MPRA Paper 41214, University Library of Munich, Germany, revised Jan 2010.

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