Implementability, Walrasian Equilibria and Efficient Matchings
10 Pages Posted: 12 May 2015 Last revised: 26 Oct 2016
Date Written: October 25, 2016
In general screening problems, implementable allocation rules correspond exactly to Walrasian equilibria of an economy in which types are consumers with quasilinear utility and unit demand. Due to the welfare theorems, an allocation rule is implementable if and only if it induces an efficient matching between types and goods.
Keywords: Implementability, Walrasian Equilibrium, Multidimensional Screening
JEL Classification: D50, D82, D86
Suggested Citation: Suggested Citation