RT Journal Article
T1 Nonmanipulable decision mechanisms for economic environments
A1 Moreno, Diego
AB 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.
PB Springer
SN 1432-217X (Online)
YR 1994
FD 1994-07
LK https://hdl.handle.net/10016/4218
UL https://hdl.handle.net/10016/4218
LA eng
DS e-Archivo
RD 18 may. 2024