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Implementation of individually rational social choice functions with guaranteed utilities


  • Mealem, Yosef


A simple mechanism is presented that allocates an indivisible object between two agents for almost any possible compensation rule. Furthermore, the equilibrium strategy guarantees a level of utility not less than -[epsilon], where [epsilon] can be arbitrarily small.

Suggested Citation

  • Mealem, Yosef, 2011. "Implementation of individually rational social choice functions with guaranteed utilities," Economics Letters, Elsevier, vol. 112(2), pages 165-167, August.
  • Handle: RePEc:eee:ecolet:v:112:y:2011:i:2:p:165-167

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    References listed on IDEAS

    1. Jackson, Matthew & Moulin, Hervé, 1992. "Implementing a public project and distributing its cost," Journal of Economic Theory, Elsevier, vol. 57(1), pages 125-140.
    2. Moore, John & Repullo, Rafael, 1988. "Subgame Perfect Implementation," Econometrica, Econometric Society, vol. 56(5), pages 1191-1220, September.
    3. Yan Yu, 2006. "Public Goods Provision: On Generalizing the Jackson-Moulin Mechanism," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 8(1), pages 49-60, January.
    4. Eric Maskin & John Moore, 1999. "Implementation and Renegotiation," Review of Economic Studies, Oxford University Press, vol. 66(1), pages 39-56.
    5. Barbera, Salvador & Jackson, Matthew O. & Neme, Alejandro, 1997. "Strategy-Proof Allotment Rules," Games and Economic Behavior, Elsevier, vol. 18(1), pages 1-21, January.
    6. Mutuswami, Suresh & Winter, Eyal, 2004. "Efficient mechanisms for multiple public goods," Journal of Public Economics, Elsevier, vol. 88(3-4), pages 629-644, March.
    7. Kahana, Nava & Mealem, Yosef & Nitzan, Shmuel, 2008. "A complete implementation of the efficient allocation of pollution," Economics Letters, Elsevier, vol. 101(2), pages 142-144, November.
    8. François Maniquet, 2003. "Implementation of allocation rules under perfect information," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 21(2), pages 323-346, October.
    9. Moulin, Herve, 1981. "Implementing just and efficient decision-making," Journal of Public Economics, Elsevier, vol. 16(2), pages 193-213, October.
    10. Crawford, V. P. & Heller, W. P., 1979. "Fair division with indivisible commodities," Journal of Economic Theory, Elsevier, vol. 21(1), pages 10-27, August.
    11. Abreu, Dilip & Sen, Arunava, 1990. "Subgame perfect implementation: A necessary and almost sufficient condition," Journal of Economic Theory, Elsevier, vol. 50(2), pages 285-299, April.
    12. Mealem, Yosef, 2010. "Efficient provision of a public project (almost) without knowing the cost-sharing rule," Economics Letters, Elsevier, vol. 107(2), pages 194-197, May.
    13. Bag, Parimal Kanti, 1997. "Public Goods Provision: Applying Jackson-Moulin Mechanism for Restricted Agent Characteristics," Journal of Economic Theory, Elsevier, vol. 73(2), pages 460-472, April.
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