Production Economy;
Single Output;
Single Input;
Efficient Allocation;
Allocation Mechanism;
D O I:
暂无
中图分类号:
学科分类号:
摘要:
We consider an economy with two agents, “firm” and “worker.” The firm owns a technology which transforms a single input into a single output and the worker owns a limited amount of input good, for example, leisure. The firm is interested in profit measured in terms of output and the worker's preferences are defined over the input-output space. Manipulability comes not only from a lack of information about the (worker's) preferences but also about the technology. With a possibility for manipulation, can we still obtain efficient allocations? We show that there is no allocation mechanism which is Pareto efficient, strategy-proof, and non-dictatorial.
机构:
Univ Glasgow, Adam Smith Business Sch, Gilbert Scott Bldg, Glasgow G12 8QQ, Lanark, ScotlandUniv Glasgow, Adam Smith Business Sch, Gilbert Scott Bldg, Glasgow G12 8QQ, Lanark, Scotland