Publication: Nonmanipulable decision mechanisms for economic environments
Loading...
Identifiers
Publication date
1994-07
Defense date
Authors
Advisors
Tutors
Journal Title
Journal ISSN
Volume Title
Publisher
Springer
Abstract
In the social choice literature studying the problem of designing institutions for collective decision making, it is customary to (implicitly) assume that each dimension of the social outcome is of public interest (i.e., that each individual's welfare depends on every dimension of the outcome). Thus, the scope of the conclusions obtained is very limited. Here social decision problems with and without that public character are considered and it is shown that the same negative results arise in most cases; namely, that only dictatorial mechanisms are immune to the participants' manipulations. These results are obtained without requiring that the mechanisms produce Pareto optimal outcomes (they must simply be minimally responsive to the participants' preferences), which deepens their pessimistic character.
Description
Keywords
Bibliographic citation
Social Choice Welfare. 1994, vol. 11, nº 3, p. 225-240