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A Simple Incentive Compatible Scheme for Attaining Lindahl Allocations.
Walker, Mark - In: Econometrica 49 (1981) 1, pp. 65-71
Persistent link: https://www.econbiz.de/10005699738
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On the Generic Nonoptimality of Dominant-Strategy Allocation Mechanisms: A General Theorem That Includes Pure Exchange Economies.
Hurwicz, Leonid; Walker, Mark - In: Econometrica 58 (1990) 3, pp. 683-704
It is shown that if an economy's participants cannot be separated into groups across which there are no potentially conflicting interests--i.e., if the economy is "indecomposable"--then every continuous truth-dominant allocation mechanism will attain nonoptimal allocations on an open dense set...
Persistent link: https://www.econbiz.de/10005129947
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On the Nonexistence of a Dominant Strategy Mechanism for Making Optimal Public Decisions.
Walker, Mark - In: Econometrica 48 (1980) 6, pp. 1521-40
Persistent link: https://www.econbiz.de/10005231301
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A Note on the Characterization of Mechanisms for the Revelation of Preferences.
Walker, Mark - In: Econometrica 46 (1978) 1, pp. 147-52
Persistent link: https://www.econbiz.de/10005342105