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Strategy-proof allocation mechanisms for pure public goods economies when preferences are monotonic

Author

Listed:
  • Diego Moreno

    (Departamento de EconomÎa, Universidad Carlos III de Madrid, E-28903 Getafe, SPAIN)

Abstract

A fundamental problem in public finance is that of allocating a given budget to financing the provision of public goods (education, transportation, police, etc.). In this paper it is established that when admissible preferences are those representable by continuous and increasing utility functions, then strategy-proof allocation mechanisms whose (undominated) range contains three or more outcomes are dictatorial on the set of profiles of strictly increasing utility functions, a dense subset of the domain in the topologies commonly used in this context. If admissible utility functions are further restricted to be strictly increasing, or if mechanisms are required to be non-wasteful, then strategy-profness leads to (full) dictatorship.

Suggested Citation

  • Diego Moreno, 1999. "Strategy-proof allocation mechanisms for pure public goods economies when preferences are monotonic," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 13(1), pages 183-197.
  • Handle: RePEc:spr:joecth:v:13:y:1999:i:1:p:183-197
    Note: Received: August 14, 1995; revised version: September 25, 1997
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    Cited by:

    1. Moreno, Diego & Moscoso, María José, 2001. "A gibbad-satterthwaite theorem for public good economies," UC3M Working papers. Economics we014912, Universidad Carlos III de Madrid. Departamento de Economía.
    2. Salvador Barberà, 2010. "Strategy-proof social choice," UFAE and IAE Working Papers 828.10, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
    3. Dutta, Bhaskar & Peters, Hans & Sen, Arunava, 2002. "Strategy-Proof Probabilistic Mechanisms in Economies with Pure Public Goods," Journal of Economic Theory, Elsevier, vol. 106(2), pages 392-416, October.

    More about this item

    JEL classification:

    • D60 - Microeconomics - - Welfare Economics - - - General
    • D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
    • H40 - Public Economics - - Publicly Provided Goods - - - General

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