CFDP 954

Inefficiency of Strategy-Proof Allocation Mechanisms in Pure Exchange Economies

Author(s): 

Publication Date: September 1990

Pages: 11

Abstract: 

In this paper I prove that in the standard model of 2 times n (n > 2) pure exchange economies there is no allocation mechanism that is efficient, non-inversely-dictatorial, and strategy-proof. This strengthens two previous results on this subject by Hurwicz and by Dasgupta, Hammond, and Maskin.

See CFP: 793