On The Generic Impossibility Of Truthful Behavior: A Simple Approach
We provide an elementary proof showing how in economies with an arbitrary number of agents an arbitrary number of public goods and quasi-Linear utility functions, any efficient and individually rational mechanism is not strategy-proof for any economy satisfying a mild segularity requirement.
|Date of creation:||Jul 1993|
|Date of revision:|
|Publication status:||Published by Ivie|
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International Economic Review,
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"Vector mappings with diagonal images,"
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1990-01, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
- Lin Zhou, 1990. "Inefficiency of Strategy-Proof Allocation Mechanisms in Pure Exchange Economies," Cowles Foundation Discussion Papers 954, Cowles Foundation for Research in Economics, Yale University.
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