Strategy-proofness versus efficiency for small domains of preferences over public goods

B-Tier
Journal: Economic Theory
Year: 1999
Volume: 13
Issue: 3
Pages: 709-722

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

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

Abstract

It has long been known that when agents have von Neumann-Morgenstern preferences over lotteries, there is an incompatibility between strategy-proofness and efficiency (Gibbard, [9]; Hylland, [12]) - a solution satisfying those properties must be dictatorial. We strengthen this result by showing that it follows from the same incompatibility on a series of much smaller domains of preferences. Specifically, we first show the incompatibility to hold on our smallest domain, in which two agents are restricted to have linear preferences over one private good and one public good produced from the private good (Kolm triangle economies). This result then implies the same incompatibility on increasingly larger domains of preferences, ending finally with the class of von Neumann-Morgenstern preferences over lotteries.

Technical Details

RePEc Handle
repec:spr:joecth:v:13:y:1999:i:3:p:709-722
Journal Field
Theory
Author Count
1
Added to Database
2026-01-29