Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
8960883 | Research in Economics | 2018 | 5 Pages |
Abstract
This paper studies secure implementability (Saijo et al. (2007) “Secure Implementation,” Theoretical Economics 2, pp.203-229) in linear production economies with classical preferences. Although secure implementability is in general stronger than the combination of strategy-proofness and non-bossiness (Satterthwaite and Sonnenschein (1981) “Strategy-Proof Allocation Mechanisms at Differentiable Points,” Review of Economic Studies 48, pp.587-597), this paper shows that both properties are equivalent under Pareto-efficient rules in the economies. In addition, this paper characterizes securely implementable and Pareto-efficient rules in the economies when the number of agents is two.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Katsuhiko Nishizaki,