This file is part of IDEAS, which uses RePEc data


[ Papers | Articles | Software | Books | Chapters | Authors | Institutions | JEL Classification | NEP reports | Search | New papers by email | Author registration | Rankings | Volunteers | FAQ | Blog | Help! ]

Manipulation of Preferences and Relative Utilitarianism

Author info | Abstract | Publisher info | Download info | Related research | Statistics
Author Info
Joel Sobel

Additional information is available for the following registered author(s):

Abstract

Given n agents with von Neumann-Morgenstern utility functions who wish to divide m commodities, consider the n-person noncooperative game with strategies consisting of concave, increasing von Neumann-Morgenstern utility functions, and whose outcomes are the relative utilitarian solution. It is shown that any constrained equal-income competitive equilibrium allocation for the true utilities is a Nash equilibrium outcome for the noncooperative game. Conditions are presented under which these are the only pure strategy equilibrium outcomes.

Download Info
To download:

If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. 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.

File URL: ftp://weber.ucsd.edu/pub/econlib/dpapers/ucsd9817.ps.gz
File Format: application/postscript
File Function:
Download Restriction: no
File URL: ftp://weber.ucsd.edu/pub/econlib/dpapers/ucsd9817.pdf
File Format: application/pdf
File Function:
Download Restriction: no
File URL: http://www.econ.ucsd.edu/papers/files/ucsd9817.pdf
File Format: application/pdf
File Function:
Download Restriction: no

Publisher Info
Paper provided by Department of Economics, UC San Diego in its series University of California at San Diego, Economics Working Paper Series with number 98-17.

Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Length:
Date of creation: Jul 1998
Date of revision:
Handle: RePEc:cdl:ucsdec:98-17

Contact details of provider:
Postal: 9500 Gilman Drive, La Jolla, CA 92093-0508
Phone: (858) 534-3383
Fax: (858) 534-7040
Web page: http://repositories.cdlib.org/ucsdecon/
More information through EDIRC

For technical questions regarding this item, or to correct its listing, contact: (Christopher F. Baum).

Related research
Keywords:

Other versions of this item:

References listed on IDEAS
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.:
  1. Sobel, Joel, 1981. "Distortion of Utilities and the Bargaining Problem," Econometrica, Econometric Society, vol. 49(3), pages 597-619, May. [Downloadable!] (restricted)
  2. Thomson, William, 1984. "The Manipulability of Resource Allocation Mechanisms," Review of Economic Studies, Blackwell Publishing, vol. 51(3), pages 447-60, July. [Downloadable!] (restricted)
  3. Amrita Dhillon & Jean-Francois Mertens, 1999. "Relative Utilitarianism," Econometrica, Econometric Society, vol. 67(3), pages 471-498, May.
    Other versions:
  4. Crawford, Vincent P. & Varian, Hal R., 1979. "Distortion of preferences and the Nash theory of bargaining," Economics Letters, Elsevier, vol. 3(3), pages 203-206. [Downloadable!] (restricted)
  5. Thomson, William, 1994. "Cooperative models of bargaining," Handbook of Game Theory with Economic Applications, in: R.J. Aumann & S. Hart (ed.), Handbook of Game Theory with Economic Applications, edition 1, volume 2, chapter 35, pages 1237-1284 Elsevier. [Downloadable!] (restricted)
    Other versions:
  6. Kurz, Mordecai, 1977. "Distortion of preferences, income distribution, and the case for a linear income tax," Journal of Economic Theory, Elsevier, vol. 14(2), pages 291-298, April. [Downloadable!] (restricted)
  7. Alvin E Roth, 2008. "Axiomatic Models of Bargaining," Levine's Bibliography 122247000000002376, UCLA Department of Economics. [Downloadable!]
  8. Nash, John, 1950. "The Bargaining Problem," Econometrica, Econometric Society, vol. 18(2), pages 155-162, April. [Downloadable!] (restricted)
Full references

Cited by:
(explanations, 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.)

  1. Eiichi Miyagawa, 2002. "Subgame-perfect implementation of bargaining solutions," Discussion Papers 0102-16, Columbia University, Department of Economics. [Downloadable!]
    Other versions:
  2. 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. [Downloadable!]
    Other versions:
  3. Pivato, Marcus, 2007. "Twofold Optimality of the Relative Utilitarian Bargaining Solution," MPRA Paper 2637, University Library of Munich, Germany. [Downloadable!]
    Other versions:
  4. Pivato, Marcus, 2006. "Approximate implementation of Relative Utilitarianism via Groves-Clarke pivotal voting with virtual money," MPRA Paper 627, University Library of Munich, Germany. [Downloadable!]
  5. Rodrigo Velez & William Thomson, 2009. "Let them cheat!," RCER Working Papers 552, University of Rochester - Center for Economic Research (RCER). [Downloadable!]
Statistics
Access and download statistics

Did you know? RePEc also has a blog.

This page was last updated on 2009-11-17.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.