Showing 41 - 50 of 50
Persistent link: https://www.econbiz.de/10007146346
Persistent link: https://www.econbiz.de/10009794294
Persistent link: https://www.econbiz.de/10009808474
Serizawa [3] characterized the set of strategy-proof, individually rational, no exploitative, and non-bossy social choice functions in economies with pure public goods. He left an open question whether non-bossiness is necessary for his characterization. We will prove that non-bossiness is...
Persistent link: https://www.econbiz.de/10014179633
Persistent link: https://www.econbiz.de/10005175371
Persistent link: https://www.econbiz.de/10005413535
We study the problem of allocating several units of homogeneous indivisible goods when monetary compensations are possible. First, we show that there is no strategy-proof, budget balanced, and egalitarian-equivalent mechanism even on extremely restricted preference domains. Next, we present two...
Persistent link: https://www.econbiz.de/10005753211
Persistent link: https://www.econbiz.de/10005753276
We study the possibility of strategy-proof and efficient mechanisms in pure exchange economies. In his remarkable paper, Zhou (1991) establishes an elegant impossibility result: there is no strategy-proof, efficient, and non-dictatorial mechanism in the two-agent case. He conjectures that there...
Persistent link: https://www.econbiz.de/10005596413
Persistent link: https://www.econbiz.de/10005276092