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.
Year of publication: |
1995
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Authors: | Bevia, Carmen ; Corchon, Luis |
Published in: |
Economic Theory. - Springer. - Vol. 6.1995, 2, p. 365-71
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Publisher: |
Springer |
Saved in:
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