On the generic impossibility of truthful behavior: A simple approach |
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Authors: | Carmen Beviá Luis Corchón |
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Institution: | (1) Departamento de Fundamentos, Universidad de Alicante, E-03071 Alicante, Spain;(2) Instituto Valenciano de Investigaciones Economicas and Departamento de Fundamentos, Universidad de Alicante, E-03071 Alicante, Spain |
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Abstract: | Summary We provide an elementary proof showing how in economies with an arbitrary number of agents an arbitrary number of public goods and utility functions quasi-linear in money, any efficient and individually rational mechanism is not strategy-proof for any economy satisfying a mild regularity requirement.The authors wish to thank William Thomson, Salvadpr Barberá, José Angel Silva and an anonymous referee for helpful comments. The remaining errors are our exclusive responsibility. Financial support from DGICYT under project PB 91-0756 and the Instituto Valenciano de Investigaciones Económicas is gratefully acknowledged. |
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