IDEAS home Printed from https://ideas.repec.org/a/spr/sochwe/v17y2000i1p69-83.html
   My bibliography  Save this article

Collusion, renegotiation and implementation

Author

Listed:
  • Sandeep Baliga

    (Kellogg Graduate School of Management, 2001 Sheridan Road, Evanston, IL 60208-2009, USA Universidad Carlos III de Madrid, Departamento de Economi´a de la Empressa, Calle Madrid 126, E-28903 Getafe , Spain)

  • Sandro Brusco

    (Kellogg Graduate School of Management, 2001 Sheridan Road, Evanston, IL 60208-2009, USA Universidad Carlos III de Madrid, Departamento de Economi´a de la Empressa, Calle Madrid 126, E-28903 Getafe , Spain)

Abstract

We study the implementation problem for exchange economies when agents can renegotiate the outcome assigned by the planner and can collude. We focus on the use of sequential mechanisms and present a simple sufficient condition for implementation with renegotiation in strong perfect equilibrium. We present an application to optimal risk sharing, showing that the possibility of collusion and renegotiation does not in general prevent the implementation of efficient allocations.

Suggested Citation

  • Sandeep Baliga & Sandro Brusco, 2000. "Collusion, renegotiation and implementation," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 17(1), pages 69-83.
    • Handle: RePEc:spr:sochwe:v:17:y:2000:i:1:p:69-83
    Note: Received: 27 August 1997/Accepted: 29 October 1998
    as

    Download full text from publisher

    File URL: http://link.springer.de/link/service/journals/00355/papers/0017001/00170069.pdf
    Download Restriction: Access to the full text of the articles in this series is restricted
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Yuan Ju & David Wettstein, 2009. "Implementing cooperative solution concepts: a generalized bidding approach," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 39(2), pages 307-330, May.
    2. Maskin, Eric & Sjostrom, Tomas, 2002. "Implementation theory," Handbook of Social Choice and Welfare, in: K. J. Arrow & A. K. Sen & K. Suzumura (ed.), Handbook of Social Choice and Welfare, edition 1, volume 1, chapter 5, pages 237-288, Elsevier.
    3. Maskin, Eric & Sjostrom, Tomas, 2002. "Implementation theory," Handbook of Social Choice and Welfare,in: K. J. Arrow & A. K. Sen & K. Suzumura (ed.), Handbook of Social Choice and Welfare, edition 1, volume 1, chapter 5, pages 237-288 Elsevier.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sochwe:v:17:y:2000:i:1:p:69-83. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.