TY  - GEN
AB  - In this article we combine Debreu’s (1952) social system with Hurwicz’s (1994,
2008) ideas of embedding a “desired” game form into a “natural” game form that includes
all feasible behavior, even if it is “illegal” according to the desired form. For the resulting
socio-legal system we extend Debreu’s concepts of a social system and its social equilibria to
a socio-legal system with its Debreu-Hurwicz equilibria.We build on a more general version
of social equilibrium due to Shafer and Sonnenschein (1975) that also generalizes the dc-mechanism
of Koray and Yildiz (2018) which relates implementation via mechanisms with
implementation via rights structures as introduced by Sertel (2001). In the second part we
apply and illustrate these new concepts via an application in the narrow welfarist framework
of two person cooperative bargaining. There we provide in a socio-legal system based on
Nash’s demand game an implementation of the Nash bargaining solution in Debreu-Hurwicz
equilibrium.
DA  - 2021
KW  - socio-legal systems
KW  - implementation
KW  - social systems
KW  - generalized games
KW  - Nash demand game
LA  - eng
PY  - 2021
SN  - 0931-6558
SP  - 15-
TI  - Socio-legal Systems and Implementation of the Nash Solution in Debreu-Hurwicz Equilibrium
UR  - https://nbn-resolving.org/urn:nbn:de:0070-pub-29536013
Y2  - 2024-11-22T11:11:54
ER  -