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Strategy-proof allocation mechanisms for economies with public goods

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  • Diego Moreno

    ()

  • María José Moscoso

    ()

Abstract

We 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.

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File URL: http://e-archivo.uc3m.es/bitstream/10016/10260/1/we1027.pdf
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Bibliographic Info

Paper provided by Universidad Carlos III, Departamento de Economía in its series Economics Working Papers with number we1027.

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Date of creation: Oct 2010
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Handle: RePEc:cte:werepe:we1027

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Keywords: Allocation mechanisms; Public goods; Strategy-proofness; Dictatorship; Efficiency;

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  1. Barbera, S. & Peleg, B., 1988. "Strategy-Proof Voting Schemes With Continuous Preferences," UFAE and IAE Working Papers, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC) 91.88, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
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