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| Author: | TIAN, G. |
| Title: | Continuous and feasible implementation of rational-expectations Lindahl allocations |
| Journal: | Games and Economic Behavior
1996 : SEP, VOL. 16:1, p. 135-151 |
| Index terms: | BAYESIAN STATISTICS EQUILIBRIUM ANALYSIS IMPLEMENTATION |
| Language: | eng |
| Abstract: | In this paper we consider Bayesian implementation of rational expectations Lindahl allocations for economic environments with public goods when agents are incompletely informed about environments. We construct a continuous and feasible mechanism whose Bayesian equilibrium allocation coincide with rational-expectations Lindahl allocations. We not only allow the types of individuals to be unknown but also allow both the preferences and the initial endowments to be unknown to the designer. In addition, we allow some types of boundary equilibrium allocations and continuous information structure. |
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