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Strategy-Proofness and Efficiency Are Incompatible in Production Economies

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Author Info
Leroux, Jistin (Rice U)
Abstract

In a production economy where a single private good is produced via a non-linear concave technology, no direct mechanism satisfies strategy-proofness and efficiency if the preference domain contains the class of linear preferences.

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File URL: http://www.ruf.rice.edu/~econ/papers/2004papers/07leroux.pdf
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Paper provided by Rice University, Department of Economics in its series Working Papers with number 2004-07.

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Date of creation: Apr 2004
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Handle: RePEc:ecl:riceco:2004-07

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D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis

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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. Serizawa, Shigehiro, 2002. "Inefficiency of Strategy-Proof Rules for Pure Exchange Economies," Journal of Economic Theory, Elsevier, vol. 106(2), pages 219-241, October. [Downloadable!] (restricted)
  2. James Schummer, 1996. "Strategy-proofness versus efficiency on restricted domains of exchange economies," Social Choice and Welfare, Springer, vol. 14(1), pages 47-56. [Downloadable!] (restricted)
  3. Miki Kato & Shinji Ohseto, 2002. "Toward general impossibility theorems in pure exchange economies," Social Choice and Welfare, Springer, vol. 19(3), pages 659-664. [Downloadable!] (restricted)
  4. MANIQUET, François & SPRUMONT, Yves, 1998. "Efficient Strategy-Proof Allocation Functions in Linear Production Economies," Cahiers de recherche 9805, Universite de Montreal, Departement de sciences economiques. [Downloadable!]
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(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. Leroux, Justin, 2004. "Pooling Private Technologies: Improving upon Autarky," Working Papers 2004-08, Rice University, Department of Economics. [Downloadable!]
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This page was last updated on 2009-11-14.


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