Staff Publications

Staff Publications

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    'Staff publications' is the digital repository of Wageningen University & Research

    'Staff publications' contains references to publications authored by Wageningen University staff from 1976 onward.

    Publications authored by the staff of the Research Institutes are available from 1995 onwards.

    Full text documents are added when available. The database is updated daily and currently holds about 240,000 items, of which 72,000 in open access.

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Record number 349865
Title Stability of the Groves and Ledyard Mechanism
Author(s) Bos, E.J.
Source Amsterdam : Tinbergen Institute (Tinbergen Institute Discussion Papers 98-031/3)
Department(s) LEI Regional economy & land use
LEI Regional economy & land use
Publication type Scientific report
Publication year 1998
Abstract This paper investigates the stability properties of the game defined by the Groves and Ledyard mechanism. It is shown that when we no longer assume the static Nash-Cournot equilibrium as defined by Groves and Ledyard, but instead assume a dynamic version, the stability of the model is put at serious risk. Although in the present paper the dynamic modelling of the behavioural assumptions and the stability analysis has been applied to the Groves-Ledyard mechanism, the methodology is applicable to comparable models as well
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