Secure implementability under Pareto-efficient rules in linear production economies with classical preferences |
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Authors: | Katsuhiko Nishizaki |
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Affiliation: | 1. Graduate School of Economics, Momoyama Gakuin University, 1-1, Manabino, Izumi, Osaka 594–1198, Japan;2. Research Institute for Socionetwork Strategies, Kansai University, 3-3-35, Yamate, Suita, Osaka 564–8680, Japan |
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Abstract: | This paper studies secure implementability (Saijo et al. (2007) “Secure Implementation,” Theoretical Economics 2, pp.203–229) in linear production economies with classical preferences. Although secure implementability is in general stronger than the combination of strategy-proofness and non-bossiness (Satterthwaite and Sonnenschein (1981) “Strategy-Proof Allocation Mechanisms at Differentiable Points,” Review of Economic Studies 48, pp.587–597), this paper shows that both properties are equivalent under Pareto-efficient rules in the economies. In addition, this paper characterizes securely implementable and Pareto-efficient rules in the economies when the number of agents is two. |
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Keywords: | Secure implementation Dominant strategy implementation Nash implementation Strategy-proofness Linear production economy C72 D51 D52 D61 D71 |
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