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We show that strategy-proof allocation mechanisms for economies with public goods are dictatorial—i.e., they always select an allocation in their range that maximizes the welfare of the same single individual (the dictator). Further, strategy-proof and efficient allocation mechanisms are...
Persistent link: https://www.econbiz.de/10010993622
In a linear production model, we characterize the class of efficient and strategy-proof allocation functions, and the class of efficient and coalition strategy-proof allocation functions. In the former class, requiring equal treatment of equals allows us to identify a unique allocation function....
Persistent link: https://www.econbiz.de/10005370920
Persistent link: https://www.econbiz.de/10005375648
In this paper, we consider a relationship between equity and efficiency in queueing problems. We show that under … strategy-proofness, anonymity in welfare implies queue-efficiency. Furthermore, we also give a characterization of the equally …
Persistent link: https://www.econbiz.de/10005710066
The division problem consists of allocating an amount of a perfectly divisible good among a group of n agents with single-peaked preferences. A rule maps preference profiles into n shares of the amount to be allocated. A rule is bribe-proof if no group of agents can compensate another agent to...
Persistent link: https://www.econbiz.de/10005823954
rules satisfying efficiency, individual rationality, and strategy-proofness. However, when aggregate uncertainty holds, we …
Persistent link: https://www.econbiz.de/10005057394
A set of agents with possibly different waiting costs have to receive the same service one after the other. Efficiency … not know agents’ waiting costs, they may have no incentive to reveal them. We identify the only rule satisfying Pareto-efficiency … that even non-single-valued rules satisfy Pareto-efficiency of queues and strategy-proofness if and only if they select …
Persistent link: https://www.econbiz.de/10005042819
the MPW rule is the unique rule satisfying \textit{strategy-proofness}, \textit{efficiency}, \textit …
Persistent link: https://www.econbiz.de/10010773117
-proofness or efficiency. We show that stability is compatible with strategy-proofness or efficiency if and only if the priority …
Persistent link: https://www.econbiz.de/10010719484
We show that strategy-proof allocation mechanisms for economies with public goods are dictatorial -- i.e., they always select an allocation in their range that maximizes the welfare of the same single individual (the dictator). Further, strategy-proof and efficient allocation mechanisms are...
Persistent link: https://www.econbiz.de/10008838391