An impossibility result for virtual implementation with status quo
Economics Letters, 2014, vol. 122, issue 3, 380-385
In this paper, virtual implementation is restricted to deliver, on the equilibrium path, either a socially optimal outcome or a status quo: an outcome fixed for all preference profiles. Under such a restriction, for any unanimous and implementable social choice function there is a dictator, who obtains her most preferable outcome as long as all agents prefer this outcome to the status quo. Further restrictions on the lottery space and the range of social choice functions allow the dictator to impose her most preferred outcome even when other agents prefer the status quo to this outcome.
Keywords: Virtual implementation; Social choice rules; Dictatorial rules; Admissible support (search for similar items in EconPapers)
JEL-codes: D78 D71 C72 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:122:y:2014:i:3:p:380-385
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