Strategy-proof mechanisms with private and public goods

• Autores: José Rueda Llano, Luis C. Corchón Díaz
• Localización: Working papers = Documentos de trabajo: Serie AD, Nº. 29, 2004
• Idioma: inglés
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• Resumen

  • In this paper we develop a differentiable approach to deal with incentives in a, possibly small, subset of a general domain of preferences in economies with one public and one private good. We show that, for two agents, there is no social rule which is efficient, nondictatorial and strategy-proof. For the case of more agents the same result occurs when nondictatorship is replaced by Individual Rationality or by Envy-Freeness. Journal of Economic Literature