Jianrong Tian

"Implementability with Transfer"

Abstract

I fully characterize implementability with transfer, without invoking quasilinearity, via a novel cyclical monotonicity condition that extends Rochet (1987). I then apply it to crack the problem of implementing monotone allocations for the general case. The analysis highlights an ordinal structure that is innate to the implementability problem and can be related to Tarski; Extreme transfers with a given initial condition are also discussed.

Contact person: Peter Norman Sørensen