On the Generic Impossibility of Truthful Behavior: A Simple Approach
We provide an elementary proof showing how in economics with an arbitrary number of agents an arbitrary number of public goods and utility functions quasi-linear in money, any efficient and individually rational mechanism is not strategy-proof for any economy satisfying a mild regularity requirement.
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Volume (Year): 6 (1995)
Issue (Month): 2 (July)
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References listed on IDEAS
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