Abstract
This paper was an obvious one to include because it not only ties in with Hugo’s research and interests, but also owes much to his personal side. On the research side, it deals with Hugo’s interests both in strategy-proofness and incentives, as well as foundations of behavior in exchange economies, and it makes use of some key tools from work of his together with Mark Satterthwaite (“Strategy-proof allocation mechanisms at differentiable points,” Mark Satterthwaite and Hugo Sonnenschein, Review of Economic Studies, (1981)). But, perhaps most importantly, its genesis owes much to Hugo’s direct and indirect personal touch, which both set me on a path which led to this paper and introduced me to my co-author Salvador Barberá.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Abreu, D., and H. Matsushima (1991): “Virtual Implementation in Iteratively Undominated Strategies II: Incomplete Information,” mimeo.
Aumann, R., and J. Dreze (1986): “Values of Markets with Satiation or Fixed Prices,” Econometrica, 54, 1271–1318.
BarberÀ, S., and M. Jackson (1994): “A Characterization of Strategy-proof Social Choice Functions for Economies with Pure Public Goods,” Social Choice and Welfare, 11, 241–252.
BarberÀ, S., M. Jackson, and A. Neme (1994): “Strategy-Proof Sharing,” mimeo.
BarberÀ, S., and B. Peleg (1990): “Strategy-Proof Voting Schemes with Continuous Preferences,” Social Choice and Welfare, 7, 31–38.
Benassy, J. P. (1993): “Nonclearing Markets: Microeconomic Concepts and Macroeconomic Applications,” Journal of Economic Literature, 31, 732–761.
Blume, L., and D. Easley (1990): “Implementation of Walrasian Expectations Equilibria,” Journal of Economic Theory, 51, 207–227.
Dasgupta, P., P. Hammond, and E. Maskin (1979): “The Implementation of Social Choice Rules: Some General Results on Incentive Compatibility,” Review of Economic Studies, 46, 185–216.
Gibbard, A. (1973): “Manipulation of Voting Schemes: A General Result,” Econometrica, 41, 587–601.
Gul, F., and A. Postlewaite (1992): “Asymptotic Efficiency in Large Exchange Economies with Asymmetric Information,” Econometrica, 60, 1273–1292.
Hagerty, K., and W. Rogerson (1987): “Robust Trading Mechanisms,” Journal of Economic Theory, 42, 94–107.
Hurwicz, L. (1972): “On Informationally Decentralized Systems,” in Decision and Organization, ed. by C. B. Mcguire and R. Radner. Amsterdam: North Holland.
-Hurwicz, L. (1986): “On Informational Decentralization and Efficiency in Resource Allocation Mechanisms” in Studies in Mathematical Economics, ed. by S. Reiter. Cambridge: Mathematics Association of America.
Hurwicz, L., E. Maskin, and A. Postlewaite (1984): “Feasible Implementation of Social Choice Correspondence by Nash Equilibria,” Mimeo.
Hurwicz, L., and M. Walker (1990): “On the Generic Nonoptimality of Dominant-Strategy Allocation Mechanisms: A General Theorem that Includes Pure Exchange Economies,” Econometrica, 58, 683–704.
Jackson, M. (1991): “Bayesian Implementation,” Econometrica, 59, 461–478.
-Jackson, M. (1992): “Competitive Allocations and Incentive Compatibility,” Economics Letters, 40, 299–302.
Jackson, M., and A. Manelli (1994): “Approximate Competitive Equilibria in Large Economies,” CMSEMS DP 1101, Northwestern University.
Ledyard, J. (1979): “Incentive Compatibility and Incomplete Information” in Aggregation and Revelation of Preferences, ed. by J.-J. Laffont. Amsterdam: North Holland.
Mas-colell, A., and X. Vives (1993): “Implementation in Economies with a Continuum of Agents,” Review of Economic Studies, 60, 613–630.
Moore, J. (1992): “Implementation in Environments with Complete Information,” in Advances in Economic Theory: The Proceedings of the Congress of the Econometric Society, ed. by J.-J. Laffont. Cambridge: Cambridge University Press.
Moreno, D. (1994): “Nonmanipulable Decision Mechanisms For Economic Environments,” Social Choice and Welfare, 11, 225–240.
Palfrey, T. (1992): “Implementation in Bayesian Equilibrium” in Advances in Economic Theory: The Proceedings of the Congress of the Econometric Society, ed. by J.-J. Laffont. Cambridge: Cambridge University Press.
Palfrey, T., and S. Srivastava (1987): “On Bayesian Implementable Allocations,” The Review of Economic Studies, 54, 193–208.
-Palfrey, T., and S. Srivastava (1989): “Mechanism Design with Incomplete Information: A Solution to the Implementation Problem,” Journal of Political Economy, 97, 668–691.
-Palfrey, T., and S. Srivastava (1993): Bayesian Implementation. Switzerland: Harwood Academic Publishers.
Postlewaite, A., and D. Schmeidler (1986): “Implementation in Differential Information Economies,” Journal of Economic Theory, 39, 14–33.
Roberts, D. J., and A. Postlewaite (1976): “The Incentives for Price Taking Behavior in Large Exchange Economies,” Econometrica, 44, 115–127.
Satterthwaite, M. (1975): “Strategy-proofness and Arrow’s Conditions: Existence and Correspondence Theorems for Voting Procedures and Social Welfare Theorems,” Journal of Economic Theory, 10, 187–217.
Satterthwaite, M., and H. Sonnenschein (1981): “Strategy-Proof Allocation Mechanisms at Differentiable Points,” Review of Economic Studies, 48, 587–597.
Serizawa, S. (1993): “Strategy-Proof and Individually Rational Social Choice Functions for Public Good Economies,” Mimeo, University of Rochester and Osaka University.
Shenker, S. (1992): “On the Strategy-Proof and Smooth Allocation of Private Goods in Production Economies,” mimeo, Xerox Corporation.
Sprumont, Y. (1991): “The Division Problem with Single Peaked Preferences: A Characterization of the Uniform Allocation Rules,” Econometrica, 59, 509–519.
Thomson, W. (1994): “Monotonie and Consistent Solutions to the Problem of Fair Allocation when Preferences are Single-Peaked,” Journal of Economic Theory, 63, 219–245.
Zhou, L. (1991): “Inefficiency of Strategy-Proof Allocation Mechanisms in Pure Exchange Economies,” Social Choice and Welfare, 8, 247–254.
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2008 Springer-Verlag Berlin Heidelberg
About this chapter
Cite this chapter
BarberÀ, S., Jackson, M.O. (2008). Matthew O. Jackson on Hugo F. Sonnenschein. In: Jackson, M.O., McLennan, A. (eds) Foundations in Microeconomic Theory. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-74057-5_14
Download citation
DOI: https://doi.org/10.1007/978-3-540-74057-5_14
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-74056-8
Online ISBN: 978-3-540-74057-5
eBook Packages: Business and EconomicsEconomics and Finance (R0)