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11.
Arunava Bhattacharyya Subal C. Kumbhakar Anjana Bhattacharyya 《Journal of Productivity Analysis》1995,6(1):47-61
This paper estimates the determinants of cost inefficiency of several publicly operated passenger-bus transportation companies in India in terms of their ownership structure as well as other firm-specific characteristics. A panel data on publicly operated passenger-bus transportation companies is used to estimate a translog cost system with inefficiency. Inefficiency is specified in such a way that both its mean and variance are firm- and time-specific. For the estimation of production technology and cost inefficiency we have used a multi-step estimation procedure instead of the single-step maximum likelihood (ML) method. In the first step we estimate the translog cost system with heteroskedastic cost function without using any distributional assumptions on the error terms. The second stage uses the ML method to estimate the parameters associated with inefficiency, conditional on the parameter estimates obtained from the first stage. Finally, the residual of the cost function is decomposed to obtain firm-and time-specific measures of cost inefficiency, with ownership type and other firm-specific characteristics as explanatory variables.Financial support of the Nevada Agricultural Experiment Station is gratefully acknowledged. 相似文献
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This paper provides a new and direct proof of the Gibbard–Satterthwaite Theorem based on induction on the number of individuals. 相似文献
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We study the implementation of social choice rules in incomplete information environments. A sufficiency condition calledposterior reversalis given for extensive form implementation. The condition has a natural interpretation in signaling terms: Consistent posterior distributions under truth-telling are different from consistent posteriors under deception. This variation in the distribution over player types leads to variation in the distribution over actions and outcomes (comparing truth-telling and deception). We exploit this feature to implement social choice rules.Journal of Economic LiteratureClassification Numbers: D78, D82. 相似文献
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In this paper we consider the standard voting model with a finite set of alternatives A and n voters and address the following question: what are the characteristics of domains \({\mathcal D}\) that induce the property that every strategy-proof social choice function \({f: {\mathcal D}^n \rightarrow A}\) satisfying unanimity, has the tops-only property? We first impose a minimal richness condition which ensures that for every alternative a, there exists an admissible ordering where a is maximal. We identify conditions on \({\mathcal D}\) that are sufficient for strategy-proofness and unanimity to imply tops onlyness in the general case of n voters and in the special case, n = 2. We provide an algorithm for constructing tops-only domains from connected graphs with elements of A as nodes. We provide several applications of our results. Finally, we relax the minimal richness assumption and partially extend our results. 相似文献
16.
Dictatorial domains 总被引:4,自引:0,他引:4
Summary. In this paper, we introduce the notion of a linked domain and prove that a non-manipulable social choice function defined
on such a domain must be dictatorial. This result not only generalizes the Gibbard-Satterthwaite Theorem but also demonstrates
that the equivalence between dictatorship and non-manipulability is far more robust than suggested by that theorem. We provide
an application of this result in a particular model of voting. We also provide a necessary condition for a domain to be dictatorial
and use it to characterize dictatorial domains in the cases where the number of alternatives is three.
Received: July 12, 2000; revised version: March 21, 2002
RID="*"
ID="*" The authors would like to thank two anonymous referees for their detailed comments.
Correspondence to: A. Sen 相似文献
17.
We present a necessary and almost sufficient condition for subgame perfect implementation of social choice correspondences. In societies with at least three individuals, any social choice correspondence which satisfies no veto power and our necessary Condition α is subgame perfect implementable. Thus Condition α is analogous to monotonicity which, by Maskin's celebrated characterization, is necessary and, in a similar way, almost sufficient for Nash implementation. 相似文献
18.
Ujjwal Kumar Souvik Roy Arunava Sen Sonal Yadav Huaxia Zeng 《Theoretical Economics》2021,16(4):1195-1220
The paper considers a voting model where each voter's type is her preference. The type graph for a voter is a graph whose vertices are the possible types of the voter. Two vertices are connected by an edge in the graph if the associated types are “neighbors.” A social choice function is locally strategy-proof if no type of a voter can gain by misrepresentation to a type that is a neighbor of her true type. A social choice function is strategy-proof if no type of a voter can gain by misrepresentation to an arbitrary type. Local-global equivalence (LGE) is satisfied if local strategy-proofness implies strategy-proofness. The paper identifies a condition on the graph that characterizes LGE. Our notion of “localness” is perfectly general. We use this feature of our model to identify notions of localness according to which various models of multidimensional voting satisfy LGE. Finally, we show that LGE for deterministic social choice functions does not imply LGE for random social choice functions. 相似文献
19.
We investigate the problem of Nash implementation in the presence of “partially honest” individuals. A partially honest player is one who has a strict preference for revealing the true state over lying when truthtelling does not lead to a worse outcome than that which obtains when lying. We show that when there are at least three individuals, all social choice correspondences satisfying No Veto Power can be implemented. If all individuals are partially honest and if the domain is separable, then all social choice functions can be implemented in strictly dominant strategies by a mechanism which does not use “integer/modulo games”. We also provide necessary and sufficient conditions for implementation in the two-person case, and describe some implications of these characterization conditions. 相似文献
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This paper identifies a class of mechanisms, called elementary mechanisms, which are (in a precisely defined sense) the “simplest” mechanisms that can implement efficient outcomes in economic environments. The class of social choice correspondences that can be implemented by elementary mechanisms is completely characterized in a variety of different economic contexts. 相似文献