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An equivalence of secure implementability and full implementability in truthful strategies in pure exchange economies with Leontief utility functions

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  • Katsuhiko Nishizaki

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Abstract

This paper investigates the relationship between secure implementability (Saijo et al. in Theor Econ 2:203–229, 2007 ) and full implementability in truthful strategies (Nicolò in Rev Econ Des 8:373–382, 2004 ). Although secure implementability is in general stronger than full implementability in truthful strategies, this paper shows that both properties are equivalent under the social choice function that satisfies non-wastefulness (Li and Xue in Econ Theory, doi: 10.1007/s00199-012-0724-0 ) in pure exchange economies with Leontief utility functions. Copyright Springer-Verlag Berlin Heidelberg 2014

Suggested Citation

  • Katsuhiko Nishizaki, 2014. "An equivalence of secure implementability and full implementability in truthful strategies in pure exchange economies with Leontief utility functions," Review of Economic Design, Springer;Society for Economic Design, vol. 18(1), pages 73-82, March.
  • Handle: RePEc:spr:reecde:v:18:y:2014:i:1:p:73-82
    DOI: 10.1007/s10058-013-0151-0
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    References listed on IDEAS

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    1. Bochet, Olivier & Sakai, Toyotaka, 2010. "Secure implementation in allotment economies," Games and Economic Behavior, Elsevier, vol. 68(1), pages 35-49, January.
    2. Barbera, Salvador & Jackson, Matthew O, 1995. "Strategy-Proof Exchange," Econometrica, Econometric Society, vol. 63(1), pages 51-87, January.
    3. Dolors Berga & Bernardo Moreno, 2009. "Strategic requirements with indifference: single-peaked versus single-plateaued preferences," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 32(2), pages 275-298, February.
    4. Ritz, Zvi, 1983. "Restricted domains, arrow-social welfare functions and noncorruptible and non-manipulable social choice correspondences: The case of private alternatives," Mathematical Social Sciences, Elsevier, vol. 4(2), pages 155-179, April.
    5. Fujinaka, Yuji & Wakayama, Takuma, 2008. "Secure implementation in economies with indivisible objects and money," Economics Letters, Elsevier, vol. 100(1), pages 91-95, July.
    6. 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.
    7. Kumar, Rajnish, 2013. "Secure implementation in production economies," Mathematical Social Sciences, Elsevier, vol. 66(3), pages 372-378.
    8. Yuji Fujinaka & Takuma Wakayama, 2011. "Secure implementation in Shapley–Scarf housing markets," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 48(1), pages 147-169, September.
    9. Katsuhiko Nishizaki, 2013. "An impossibility theorem for secure implementation in discrete public good economies," Economics Bulletin, AccessEcon, vol. 33(1), pages 300-308.
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    More about this item

    Keywords

    Secure implementability; Full implementability in truthful strategies; Strategy-proofness; Pure exchange economy; Leontief utility function; C72; D51; D52; D71; D78;

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies
    • D52 - Microeconomics - - General Equilibrium and Disequilibrium - - - Incomplete Markets
    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
    • D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation

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