The limits of ex post implementation without transfers

被引:1
作者
Feng, Tangren [1 ,2 ]
Niemeyer, Axel [3 ]
Wu, Qinggong [4 ]
机构
[1] Bocconi Univ, Dept Decis Sci, IGIER, Milan, Italy
[2] Bocconi Univ, IGIER, Milan, Italy
[3] Univ Bonn, Dept Econ, Bonn, Germany
[4] Hong Kong Univ Sci & Technol, Dept Econ, Hong Kong, Peoples R China
关键词
Ex post implementation; interdependent values; nontransferable utility; mechanism design; collective decision-making; informational robustness; D71; D82; STRATEGY-PROOFNESS; EFFICIENT;
D O I
10.3982/TE4915
中图分类号
F [经济];
学科分类号
02 ;
摘要
We study ex post implementation in collective decision problems where monetary transfers cannot be used. We find that deterministic ex post implementation is impossible if the underlying environment is neither almost an environment with private values nor almost one with common values. Thus, desirable properties of ex post implementation such as informational robustness become difficult to achieve when preference interdependence and preference heterogeneity are both present in the environment.
引用
收藏
页码:463 / 479
页数:17
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