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Gibbard has shown that a social choice function is strategy-proof if and only if it is a convex combination of dictatorships and pair-wise social choice functions. I use geometric techniques to prove the corollary that every strategy-proof and sovereign social choice function is a random...
Persistent link: https://www.econbiz.de/10005371026
Gibbard has shown that a social choice function is strategy-proof if and only if it is a convex combination of dictatorships and pair-wise social choice functions. I use geometric techniques to prove the corollary that every strategy-proof and sovereign social choice function is a random...
Persistent link: https://www.econbiz.de/10005371201
I construct a general model of social planning problems, including mixed production economies and regulatory problems with negative externalities as special cases, and I give simple mechanisms for Nash implementation under three increasingly general sets of assumptions. I first construct a...
Persistent link: https://www.econbiz.de/10005178720