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Strategy-proof allocation mechanisms for pure public goods economies when preferences are monotonic

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Author Info
Diego Moreno (Departamento de EconomÎa, Universidad Carlos III de Madrid, E-28903 Getafe, SPAIN)

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Abstract

A fundamental problem in public finance is that of allocating a given budget to financing the provision of public goods (education, transportation, police, etc.). In this paper it is established that when admissible preferences are those representable by continuous and increasing utility functions, then strategy-proof allocation mechanisms whose (undominated) range contains three or more outcomes are dictatorial on the set of profiles of strictly increasing utility functions, a dense subset of the domain in the topologies commonly used in this context. If admissible utility functions are further restricted to be strictly increasing, or if mechanisms are required to be non-wasteful, then strategy-profness leads to (full) dictatorship.

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Publisher Info
Article provided by Springer in its journal Economic Theory.

Volume (Year): 13 (1999)
Issue (Month): 1 ()
Pages: 183-197
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Handle: RePEc:spr:joecth:v:13:y:1999:i:1:p:183-197

Note: Received: August 14, 1995; revised version: September 25, 1997
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Find related papers by JEL classification:
D60 - Microeconomics - - Welfare Economics - - - General
D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
H40 - Public Economics - - Publicly Provided Goods - - - General

Cited by:
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  1. Diego Moreno & María José Moscoso, 2001. "A Gibbad-Satterthwaite Theorem for Public Good Economies," Economics Working Papers we014912, Universidad Carlos III, Departamento de Economía. [Downloadable!]
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