Efficient and strategy-proof allocation mechanisms in economies with many goods

Takeshi Momi

Theoretical Economics, 2017, vol. 12, issue 3

Abstract: In this paper, we show that in pure exchange economies where the number of goods equals or exceeds the number of agents, any Pareto-efficient and strategy-proof allocation mechanism always allocates the total endowment to some single agent even if the receivers vary.

Keywords: Social choice; strategy-proofness; Pareto efficiency; exchange economy (search for similar items in EconPapers)
JEL-codes: D71 (search for similar items in EconPapers)
Date: 2017-09-26
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://econtheory.org/ojs/index.php/te/article/viewFile/20171267/18851/568 (application/pdf)

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: https://EconPapers.repec.org/RePEc:the:publsh:1792

Access Statistics for this article

Theoretical Economics is currently edited by Federico Echenique, Mira Frick, Pablo Kurlat, Juuso Toikka, Rakesh Vohra

More articles in Theoretical Economics from Econometric Society
Bibliographic data for series maintained by Martin J. Osborne ().