Strategy-proof allocation mechanisms for economies with public goods
AbstractWe show that strategy-proof allocation mechanisms for economies with public goods are dictatorial—i.e., they always select an allocation in their range that maximizes the welfare of the same single individual (the dictator). Further, strategy-proof and efficient allocation mechanisms are strongly dictatorial—i.e., they select the dictator’s preferred allocation on the entire feasible set. Thus, our results reveal the extent to which the conflict between individual incentives and other properties that may be deemed desirable (e.g., fairness, equal treatment, distributive justice) pervades resource allocation problems. Copyright Springer-Verlag 2013
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Springer in its journal Economic Theory.
Volume (Year): 52 (2013)
Issue (Month): 1 (January)
Contact details of provider:
Web page: http://link.springer.de/link/service/journals/00199/index.htm
Find related papers by JEL classification:
- D6 - Microeconomics - - Welfare Economics
- D7 - Microeconomics - - Analysis of Collective Decision-Making
- H4 - Public Economics - - Publicly Provided Goods
- P1 - Economic Systems - - Capitalist Systems
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Salvador Barberà, 2010.
"Strategy-proof social choice,"
UFAE and IAE Working Papers
828.10, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
- Gibbard, Allan, 1973. "Manipulation of Voting Schemes: A General Result," Econometrica, Econometric Society, vol. 41(4), pages 587-601, July.
- H. Moulin, 1980. "On strategy-proofness and single peakedness," Public Choice, Springer, vol. 35(4), pages 437-455, January.
- Barbera, Salvador & Jackson, Matthew O, 1995.
Econometric Society, vol. 63(1), pages 51-87, January.
- Saijo, Tatsuyoshi, 1991. "Incentive compatibility and individual rationality in public good economies," Journal of Economic Theory, Elsevier, vol. 55(1), pages 203-212, October.
- Shigehiro Serizawa, 1999. "Strategy-Proof and Symmetric Social Choice Functions for Public Good Economies," Econometrica, Econometric Society, vol. 67(1), pages 121-146, January.
- Serizawa, Shigehiro, 1996.
"Strategy-Proof and Individually Rational Social Choice Functions for Public Good Economies,"
Springer, vol. 7(3), pages 501-12, April.
- Shigehiro Serizawa, 1996. "Strategy-proof and individually rational social choice functions for public good economies (*)," Economic Theory, Springer, vol. 7(3), pages 501-512.
- Shigehiro Serizawa, 1997. "Strategy-proof and individually rational social choice functions for public good economies," Economic Theory, Springer, vol. 9(2), pages 379-380.
- Bergemann, Dirk & Stephen Morris, 2006.
"Robust Implementation in Direct Mechanisms,"
Cowles Foundation Discussion Papers
1561RR, Cowles Foundation for Research in Economics, Yale University, revised Jan 2009.
- James Schummer, 1999. "Strategy-proofness versus efficiency for small domains of preferences over public goods," Economic Theory, Springer, vol. 13(3), pages 709-722.
- Walker, Mark, 1980. "On the Nonexistence of a Dominant Strategy Mechanism for Making Optimal Public Decisions," Econometrica, Econometric Society, vol. 48(6), pages 1521-40, September.
- Satterthwaite, Mark Allen, 1975. "Strategy-proofness and Arrow's conditions: Existence and correspondence theorems for voting procedures and social welfare functions," Journal of Economic Theory, Elsevier, vol. 10(2), pages 187-217, April.
- Satterthwaite, Mark A & Sonnenschein, Hugo, 1981. "Strategy-Proof Allocation Mechanisms at Differentiable Points," Review of Economic Studies, Wiley Blackwell, vol. 48(4), pages 587-97, October.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Guenther Eichhorn) or (Christopher F Baum).
If references are entirely missing, you can add them using this form.