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Roberts' theorem with neutrality: A Social welfare ordering approach

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  • Debasis Mishra

    (Indian Statistical Institute, New Delhi)

  • Arunava Sen

    (Indian Statistical Institute, New Delhi)

Abstract

We consider dominant strategy implementation in private values settings, when agents have multi-dimensional types, the set of alternatives is finite, monetary transfers are allowed, and agents have quasi-linear utilities. We show that any implementable and neutral social choice function must be a weighted welfare maximizer if the type space of every agent is an m-dimensional open interval, where m is the number of alternatives. When the type space of every agent is unrestricted, Roberts' theorem with neutrality (Roberts, 1979) becomes a corollary to our result. Our proof technique uses a social welfare ordering approach, commonly used in aggregation literature in social choice theory. We also prove the general (affine maximizer) version of Roberts' theorem for unrestricted type spaces of agents using this approach.

Suggested Citation

  • Debasis Mishra & Arunava Sen, 2010. "Roberts' theorem with neutrality: A Social welfare ordering approach," Discussion Papers 10-03, Indian Statistical Institute, Delhi.
  • Handle: RePEc:alo:isipdp:10-03
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    Cited by:

    1. Rahul Deb & Debasis Mishra, 2014. "Implementation With Contingent Contracts," Econometrica, Econometric Society, vol. 82, pages 2371-2393, November.
    2. Swaprava Nath & Nath and Arunava Sen, 2014. "Affine maximizers in domains with selfish valuations," Discussion Papers 14-12, Indian Statistical Institute, Delhi.
    3. Hitoshi Matsushima, 2018. "Optimal Deterministic Mechanism Design: Type-Independent Preference Orderings," The Japanese Economic Review, Springer, vol. 69(4), pages 363-373, December.
    4. Carbajal, Juan Carlos & McLennan, Andrew & Tourky, Rabee, 2013. "Truthful implementation and preference aggregation in restricted domains," Journal of Economic Theory, Elsevier, vol. 148(3), pages 1074-1101.
    5. Debasis Mishra & Abdul Quadir, 2012. "Deterministic single object auctions with private values," Discussion Papers 12-06, Indian Statistical Institute, Delhi.
    6. Mishra, Debasis & Nath, Swaprava & Roy, Souvik, 2018. "Separability and decomposition in mechanism design with transfers," Games and Economic Behavior, Elsevier, vol. 109(C), pages 240-261.
    7. De, Parikshit & Mitra, Manipushpak, 2019. "Balanced implementability of sequencing rules," Games and Economic Behavior, Elsevier, vol. 118(C), pages 342-353.
    8. Kazuhiko Hashimoto & Kohei Shiozawa, 2016. "Strategy-Proof Probabilistic Mechanisms for Public Decision with Money," ISER Discussion Paper 0964, Institute of Social and Economic Research, Osaka University.
    9. Dobzinski, Shahar & Nisan, Noam, 2015. "Multi-unit auctions: Beyond Roberts," Journal of Economic Theory, Elsevier, vol. 156(C), pages 14-44.
    10. Nakamura, Yuta, 2019. "Strategy-proof characterizations of the pivotal mechanisms on restricted domains," Mathematical Social Sciences, Elsevier, vol. 101(C), pages 77-87.
    11. Quadir, Abdul, 2017. "Spanning tree auctions: A complete characterization," Mathematical Social Sciences, Elsevier, vol. 86(C), pages 1-8.
    12. Paul H. Edelman & John A Weymark, 2017. "Dominant Strategy Implementability, Zero Length Cycles, and Affine Maximizers," Vanderbilt University Department of Economics Working Papers 17-00002, Vanderbilt University Department of Economics.
    13. Nath, Swaprava & Sandholm, Tuomas, 2019. "Efficiency and budget balance in general quasi-linear domains," Games and Economic Behavior, Elsevier, vol. 113(C), pages 673-693.
    14. Debasis Mishra & Abdul Quadir, 2014. "Non-bossy single object auctions," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 2(1), pages 93-110, April.

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    JEL classification:

    • D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions

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