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On the Generic Impossibility of Truthful Behavior: A Simple Approach

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URI: https://hdl.handle.net/10016/3791
ISSN: 1432-0479
DOI: 10.1007/BF01212497
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generic_ET_ 1995_6_ps.pdf (243.23 KB)
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1995
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Springer
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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.
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Economic Theory, 1995, vol. 6, nº 2, p. 365-371
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