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A Note on Incentives in Large Economies

Paul Champsaur¹; Guy Laroque²

¹ Institut National de la Statistique et des Etudes Economiques · ² ENSAE Paris

Nash equilibria of anonymous and efficient mechanisms are studied in economies with a continuum of traders. Conditions are given under which some or all the Nash equilibria of such mechanisms yield competitive allocations. Particular attention is payed to the case of direct mechanisms where the truth constitutes a Nash equilibrium.

DOI

10.2307/2297291

Volume

49 (4)

Pages

627

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