Implementability under monotonic transformations in differences

A-Tier
Journal: Journal of Economic Theory
Year: 2015
Volume: 160
Issue: C
Pages: 114-131

Authors (2)

Carbajal, Juan Carlos (not in RePEc) Müller, Rudolf (Maastricht University)

Score contribution per author:

2.011 = (α=2.01 / 2 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

In a social choice setting with quasilinear preferences and monetary transfers, a domain D of admissible valuations is called a monotonicity domain if every 2-cycle monotone allocation rule is truthfully implementable (in dominant strategies). D is called a revenue equivalence domain if every implementable allocation rule satisfies the revenue equivalence property. We introduce the notions of monotonic transformations in differences, which can be interpreted as extensions of Maskin's monotonic transformations to quasilinear environments, and show that if D admits these transformations then it is a monotonicity and revenue equivalence domain. Our proofs are elementary and do not rely on strenuous additional machinery. We illustrate monotonic transformations in differences for settings with finite and infinite allocation sets.

Technical Details

RePEc Handle
repec:eee:jetheo:v:160:y:2015:i:c:p:114-131
Journal Field
Theory
Author Count
2
Added to Database
2026-01-26