A note on the incompatibility of strategy-proofness and Pareto-optimality in quasi-linear settings with public budgets |
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Authors: | Ron Lavi Marina May |
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Affiliation: | Faculty of Industrial Engineering and Management, Technion-Israel Institute of Technology, Israel |
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Abstract: | We show that any deterministic mechanism, for allocating identical items that are complements to budget-constrained bidders, cannot simultaneously satisfy individual-rationality, strategy-proofness, Pareto-efficiency, and no-positive-transfers. This holds even for two bidders, two items, and commonly-known budgets, and generalizes to richer settings. |
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Keywords: | C70 D44 D82 |
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