Strategy-Proofness and Efficiency Are Incompatible in Production Economies
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Jistin Leroux: Rice U
Working Papers from Rice University, Department of Economics
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)
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Persistent link: https://EconPapers.repec.org/RePEc:ecl:riceco:2004-07
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