Toward general impossibility theorems in pure exchange economies
Toward general impossibility theorems in pure exchange economies
复制标题
纯交换经济中的一般不可能性定理
DOI:
10.1007/s003550100143
复制
发表时间:
2002
影响因子:
0.9
通讯作者:
Shinji Ohseto
中科院分区:
文献类型:
--
作者:
Miki Kato;Shinji Ohseto
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 is no strategy-proof, efficient, and “non-inversely-dictatorial” mechanism in the case of three or more agents. However, we discover some counterexamples to his conjecture in the case of four or more agents. We present a new interesting open question: Is there any strategy-proof, efficient, and “non-alternately-dictatorial” mechanism?