Envy-freeness and implementation in large economies |
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| Authors: | Matthew O Jackson Ilan Kremer |
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| Institution: | (1) Department of Economics, Stanford University, Stanford, CA 94305-6072, USA;(2) Graduate School of Business, Stanford University, Stanford, CA 94305, USA |
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| Abstract: | We show that an asymptotic envy-freeness condition is necessary for a form of robust approximate implementation in large economies.
In settings where allocations are excludable, asymptotic envy-freeness is also sufficient for implementation, while in non-excludable
settings it is not sufficient. |
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