We show that strategy-proof allocation mechanisms for economies with public goods are dictatorial -- i.e., they always select an allocation in their range that maximizes the welfare of the same single individual (the dictator). Further, strategy-proof and efficient allocation mechanisms are strongly dictatorial -- i.e., they select the dictator's preferred allocation on the entire feasible set. Thus, our results reveal the extent to which the conflict between individual incentives and other properties that may be deemed desirable (e.g., fairness, equal treatment, distributive justice) pervades resource allocation problems
A fundamental problem in public finance is that of allocating a␣given budget to financing the provis...
A fundamental problem in public finance is that of allocating a␣given budget to financing the provis...
A fundamental problem in public finance is that of allocating a␣given budget to financing the provis...
We show that strategy-proof allocation mechanisms for economies with public goods are dictatorial -...
We show that strategy-proof allocation mechanisms for economies with public goods are dictatorial-- ...
We show that strategy-proof allocation mechanisms for economies with public goods are dictatorial -...
We show that strategy-proof allocation mechanisms for economies with public goods are dictatorial -...
We show that strategy-proof allocation mechanisms for economies with public goods are dictatorial -...
We show that strategy-proof allocation mechanisms for economies with public goods are dictatorial --...
This paper provides a characterization of the class of incentive compatible (i.e., strategy-proof) a...
This paper provides a characterization of the class of incentive compatible (i.e., strategy-proof) a...
This paper provides a characterization of the class of incentive compatible (i.e., strategy-proof) a...
This paper provides a characterization of the class of incentive compatible (i.e., strategy-proof) a...
This paper provides a characterization of the class of incentive compatible (i.e., strategy-proof) a...
We study the properties of mechanisms for deciding upon the provision of public goods when the feasi...
A fundamental problem in public finance is that of allocating a␣given budget to financing the provis...
A fundamental problem in public finance is that of allocating a␣given budget to financing the provis...
A fundamental problem in public finance is that of allocating a␣given budget to financing the provis...
We show that strategy-proof allocation mechanisms for economies with public goods are dictatorial -...
We show that strategy-proof allocation mechanisms for economies with public goods are dictatorial-- ...
We show that strategy-proof allocation mechanisms for economies with public goods are dictatorial -...
We show that strategy-proof allocation mechanisms for economies with public goods are dictatorial -...
We show that strategy-proof allocation mechanisms for economies with public goods are dictatorial -...
We show that strategy-proof allocation mechanisms for economies with public goods are dictatorial --...
This paper provides a characterization of the class of incentive compatible (i.e., strategy-proof) a...
This paper provides a characterization of the class of incentive compatible (i.e., strategy-proof) a...
This paper provides a characterization of the class of incentive compatible (i.e., strategy-proof) a...
This paper provides a characterization of the class of incentive compatible (i.e., strategy-proof) a...
This paper provides a characterization of the class of incentive compatible (i.e., strategy-proof) a...
We study the properties of mechanisms for deciding upon the provision of public goods when the feasi...
A fundamental problem in public finance is that of allocating a␣given budget to financing the provis...
A fundamental problem in public finance is that of allocating a␣given budget to financing the provis...
A fundamental problem in public finance is that of allocating a␣given budget to financing the provis...