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Secure Implementation in Economies with Indivisible Objects and Money

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Author Info
Yuji Fujinaka
Takuma Wakayama
Abstract

This paper studies the application of the notion of secure implementation (Cason, Saijo, Sjostrom, and Yamato, 2006; Saijo, Sjostrom, and Yamato, 2007) to the problem of allocating indivisible objects with monetary transfers. We propose a new domain-richness condition, termed as minimal richness. We then establish that on any minimally rich domain, only constant social choice functions are securely implementable.

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File URL: http://www.iser.osaka-u.ac.jp/library/dp/2007/DP0699.pdf
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Paper provided by Institute of Social and Economic Research, Osaka University in its series ISER Discussion Paper with number 0699.

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Date of creation: Oct 2007
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Handle: RePEc:dpr:wpaper:0699

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  1. Sjostrom, Tomas & Yamato, Takehiko & Saijo, Tatsuyoshi, 2007. "Secure implementation," Theoretical Economics, Society for Economic Theory, vol. 2(3), pages 203-229, September. [Downloadable!]
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  2. Cason, Timothy N. & Saijo, Tatsuyoshi & Sjostrom, Tomas & Yamato, Takehiko, 2006. "Secure implementation experiments: Do strategy-proof mechanisms really work?," Games and Economic Behavior, Elsevier, vol. 57(2), pages 206-235, November. [Downloadable!] (restricted)
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  3. Schummer, James, 2000. "Manipulation through Bribes," Journal of Economic Theory, Elsevier, vol. 91(2), pages 180-198, April. [Downloadable!] (restricted)
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  4. Alkan, Ahmet & Demange, Gabrielle & Gale, David, 1991. "Fair Allocation of Indivisible Goods and Criteria of Justice," Econometrica, Econometric Society, vol. 59(4), pages 1023-39, July. [Downloadable!] (restricted)
  5. Fujinaka, Yuji & Sakai, Toyotaka, 2007. "Maskin monotonicity in economies with indivisible goods and money," Economics Letters, Elsevier, vol. 94(2), pages 253-258, February. [Downloadable!] (restricted)
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