INCENTIVES FOR COMPETITIVE RESPONSES IN REPLICATED ECONOMIES: A GENERALIZATION |
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| Authors: | Salim Rashid |
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| Institution: | Department of Economics, 330 Commerce Building (West), University of Illinois, 1206 South Sixth Street, Champaign, IL 61820, USA |
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| Abstract: | A simple proof is presented of a theorem of Roberts and Postlewaite on truthful revelation of preferences for replicated economies. The proof provides some generalizations of the earlier result using the strict definition of feasibility. First, to economies with an infinity of agents but with a finite number of types; secondly, to economies with a countable number of commodities. |
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