On the Generic Impossibility of Truthful Behavior: A Simple Approach.

We provide an elementary proof showing how in economics with an arbitrary number of agents an arbitrary number of public goods and utility functions quasi-linear in money, any efficient and individually rational mechanism is not strategy-proof for any economy satisfying a mild regularity requirement.

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Year of publication:	1995
Authors:	Bevia, Carmen ; Corchon, Luis
Published in:	Economic Theory. - Springer. - Vol. 6.1995, 2, p. 365-71
Publisher:	Springer

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005371174