Strategy-proofness in linear production economies with homothetic or quasi-linear preferences

被引:0
|
作者
Wataru Ishida
机构
[1] University of Rochester,Department of Economics
来源
Economic Theory Bulletin | 2023年 / 11卷
关键词
Linear production; Walrasian solution; Efficiency; Equal treatment of equals; Strategy-proofness; Homothetic; Quasi-linear; C78; D71;
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摘要
In an economy with linear production, under a richness condition on the domain of preferences, efficiency, equal treatment of equals, and strategy-proofness are compatible. We characterize the rules satisfying the three properties. They are “equal-income Walrasian rules”, selections from the equal-income Walrasian correspondence. Important domains of preferences (e.g. homothetic preferences and quasi-linear preferences) satisfy the condition. These domains are important, yet they are not covered by Maniquet and Sprumont (Econ. Theory 14(3):583–595, 1999) who characterize the same family of rules on a different domain. Our condition and theirs are logically independent.
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页码:121 / 130
页数:9
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