An equivalence of secure implementability and full implementability in truthful strategies in pure exchange economies with Leontief utility functions

Katsuhiko Nishizaki ()

Review of Economic Design, 2014, vol. 18, issue 1, 73-82

Abstract: This paper investigates the relationship between secure implementability (Saijo et al. in Theor Econ 2:203–229, 2007 ) and full implementability in truthful strategies (Nicolò in Rev Econ Des 8:373–382, 2004 ). Although secure implementability is in general stronger than full implementability in truthful strategies, this paper shows that both properties are equivalent under the social choice function that satisfies non-wastefulness (Li and Xue in Econ Theory, doi: 10.1007/s00199-012-0724-0 ) in pure exchange economies with Leontief utility functions. Copyright Springer-Verlag Berlin Heidelberg 2014

Keywords: Secure implementability; Full implementability in truthful strategies; Strategy-proofness; Pure exchange economy; Leontief utility function; C72; D51; D52; D71; D78 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (1)

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DOI: 10.1007/s10058-013-0151-0

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