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An impossibility result for virtual implementation with status quo

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  • Artemov, Georgy
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    Abstract

    In this paper, virtual implementation is restricted to deliver, on the equilibrium path, either a socially optimal outcome or a status quo: an outcome fixed for all preference profiles. Under such a restriction, for any unanimous and implementable social choice function there is a dictator, who obtains her most preferable outcome as long as all agents prefer this outcome to the status quo. Further restrictions on the lottery space and the range of social choice functions allow the dictator to impose her most preferred outcome even when other agents prefer the status quo to this outcome.

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    File URL: http://www.sciencedirect.com/science/article/pii/S0165176513005545
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    Bibliographic Info

    Article provided by Elsevier in its journal Economics Letters.

    Volume (Year): 122 (2014)
    Issue (Month): 3 ()
    Pages: 380-385

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    Handle: RePEc:eee:ecolet:v:122:y:2014:i:3:p:380-385

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    Web page: http://www.elsevier.com/locate/ecolet

    Related research

    Keywords: Virtual implementation; Social choice rules; Dictatorial rules; Admissible support;

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    1. Benoît, Jean-Pierre & Ok, Efe A., 2008. "Nash implementation without no-veto power," Games and Economic Behavior, Elsevier, vol. 64(1), pages 51-67, September.
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    10. Abreu, Dilip & Sen, Arunava, 1991. "Virtual Implementation in Nash Equilibrium," Econometrica, Econometric Society, vol. 59(4), pages 997-1021, July.
    11. M. Sanver, 2006. "Nash implementing non-monotonic social choice rules by awards," Economic Theory, Springer, vol. 28(2), pages 453-460, 06.
    12. BOCHET, Olivier & MANIQUET, François, 2006. "Virtual Nash implementation with admissible support," CORE Discussion Papers 2006084, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    13. Muller, Eitan & Satterthwaite, Mark A., 1977. "The equivalence of strong positive association and strategy-proofness," Journal of Economic Theory, Elsevier, vol. 14(2), pages 412-418, April.
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