Ambiguous implementation : the partition model ∗
نویسندگان
چکیده
In a partition model, we show that each maximin individually rational and ex-ante maximin efficient allocation of a single good economy is implementable as a maximin equilibrium. When there are more than one good, we introduce three conditions. If none of the three conditions is satisfied, then a maximin individually rational and ex-ante maximin efficient allocation may not be implementable. However, as long as one of the three conditions is satisfied, each maximin individually rational and ex-ante maximin efficient allocation is implementable. Our work generalizes and extends the recent paper of de Castro, et al. [13].
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