Note on social choice allocation in exchange economies with Cobb–Douglas preferences

Takeshi Momi

Social Choice and Welfare, 2013, vol. 40, issue 3, 787-792

Abstract: We show that in a pure exchange economy with two agents and a finite number of goods, there exists no strategy-proof, Pareto-efficient, and non-dictatorial social choice allocation function on any local Cobb–Douglas preference domain. This is a slight extension of a result proved by Hashimoto ( 2008 ). Copyright Springer-Verlag 2013

Date: 2013
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DOI: 10.1007/s00355-011-0643-1

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