Efficiency and truthfulness with Leontief preferences. A note on two-agent, two-good economies
Efficiency and truthfulness with Leontief preferences. A note on two-agent, two-good economies
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效率和真实性符合里昂惕夫的偏好。
DOI:
10.1007/s10058-003-0112-0
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发表时间:
2004
影响因子:
0.7
通讯作者:
Antonio Nicoló
中科院分区:
文献类型:
--
作者:
Antonio Nicoló
In exchange economies where agents have private information about their preferences, strategy-proof and individually rational social choice functions are in general not efficient. We provide a restricted domain, namely the set of preferences representable by Leontief utility functions, where there exist mechanisms which are strategy-proof, efficient and individually rational. In two-agent, two-good economies we are able to provide an even stronger result. We characterize the class of efficient and individually rational social choice functions, which are fully implementable in truthful strategies.