Strategy-proofness versus efficiency on restricted domains of exchange economies
AbstractStrategy-proofness has been shown to be a strong property, particularly on large domains of preferences. We therefore examine the existence of strategy-proof and efficient solutions on restricted, 2-person domains of exchange economies. On the class of 2-person exchange economies in which agents have homothetic, strictly convex preferences we show, as Zhou (1991) did for a larger domain, that such a solution is necessarily dictatorial. As this proof requires preferences exhibiting high degrees of complementarity, our search continues to a class of linear preferences. Even on this "small" domain, the same negative result holds. These two results are extended to many superdomains, including Zhou's.
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 Social Choice and Welfare.
Volume (Year): 14 (1996)
Issue (Month): 1 ()
Note: Received: 9 June 1995/Accepted: 8 January 1996
Contact details of provider:
Web page: http://link.springer.de/link/service/journals/00355/index.htm
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Serizawa, Shigehiro & Weymark, John A., 2003.
"Efficient strategy-proof exchange and minimum consumption guarantees,"
Journal of Economic Theory,
Elsevier, vol. 109(2), pages 246-263, April.
- Shigehiro Serizawa & John A. Weymark, 2002. "Efficient Strategy-Proof Exchange and Minimum Consumption Guarantees," Vanderbilt University Department of Economics Working Papers 0216, Vanderbilt University Department of Economics, revised Aug 2002.
- William Thomson, 2006. "Children crying at birthday parties. Why? Fairness and incentives for cake division problems," RCER Working Papers 526, University of Rochester - Center for Economic Research (RCER).
- William Thomson, 2004.
RCER Working Papers
510, University of Rochester - Center for Economic Research (RCER).
- Salvador Barberà, 2010.
"Strategy-proof social choice,"
420, Barcelona Graduate School of Economics.
- Leroux, Jistin, 2004. "Strategy-Proofness and Efficiency Are Incompatible in Production Economies," Working Papers 2004-07, Rice University, Department of Economics.
- James Schummer & Rakesh V. Vohra, 1999.
"Strategy-proof Location on a Network,"
1253, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Shigehiro Serizawa, 2006.
"Pairwise Strategy-Proofness and Self-Enforcing Manipulation,"
Social Choice and Welfare,
Springer, vol. 26(2), pages 305-331, April.
- Shigehiro Serizawa, 2005. "Pairwise Strategy-Proofness and Self-Enforcing Manipulation," ISER Discussion Paper 0629, Institute of Social and Economic Research, Osaka University.
- Pablo Amorós, 1998.
"- Single-Peaked Preferences With Several Commodities,"
Working Papers. Serie AD
1998-23, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
- Pablo Amorós, 2002. "Single-peaked preferences with several commodities," Social Choice and Welfare, Springer, vol. 19(1), pages 57-67.
- Biung-Ghi Ju, 2003. "Strategy-Proof Risk Sharing," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 200305, University of Kansas, Department of Economics, revised Apr 2003.
- Goswami, Mridu Prabal & Sen, Arunava & Mitra, Manipushpak, 2014. "Strategy-proofness and Pareto-efficiency in quasi-linear exchange economies," Theoretical Economics, Econometric Society, vol. 9(2), May.
- William Thomson, 2007. "Children Crying at Birthday Parties. Why?," Economic Theory, Springer, vol. 31(3), pages 501-521, June.
- James Schummer, 1999. "Almost-dominant Strategy Implementation," Discussion Papers 1278, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Papai, Szilvia, 2003. "Strategyproof exchange of indivisible goods," Journal of Mathematical Economics, Elsevier, vol. 39(8), pages 931-959, November.
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.