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Strategy-Proofness and Efficiency Are Incompatible in Production Economies

Jistin Leroux
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Jistin Leroux: Rice U

Working Papers from Rice University, Department of Economics

Abstract: In a production economy where a single private good is produced via a non-linear concave technology, no direct mechanism satisfies strategy-proofness and efficiency if the preference domain contains the class of linear preferences.

JEL-codes: D61 (search for similar items in EconPapers)
Date: 2004-04
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Handle: RePEc:ecl:riceco:2004-07