Economics at your fingertips  

Efficiency and truthfulness with Leontief preferences. A note on two-agent, two-good economies

Antonio Nicolo' ()

Review of Economic Design, 2004, vol. 8, issue 4, 373-382

Abstract: In exchange economies where agents have private information about their preferences, strategy-proof and individually rational social choice functions are in general not efficient. We provide a restricted domain, namely the set of preferences representable by Leontief utility functions, where there exist mechanisms which are strategy-proof, efficient and individually rational. In two-agent, two-good economies we are able to provide an even stronger result. We characterize the class of efficient and individually rational social choice functions, which are fully implementable in truthful strategies. Copyright Springer-Verlag Berlin/Heidelberg 2004

Keywords: Strategy-proof; exchange economies; social choice (search for similar items in EconPapers)
Date: 2004
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link) (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This journal article can be ordered from

DOI: 10.1007/s10058-003-0112-0

Access Statistics for this article

Review of Economic Design is currently edited by Atila Abdulkadiroglu, Fuhito Kojima and Tilman Börgers

More articles in Review of Economic Design from Springer, Society for Economic Design
Bibliographic data for series maintained by Sonal Shukla ().

Page updated 2020-04-23
Handle: RePEc:spr:reecde:v:8:y:2004:i:4:p:373-382