Sjostrom, Tomas; Yamato, Takehiko; Saijo, Tatsuyoshi - In: Theoretical Economics 2 (2007) 3, pp. 203-229
Strategy-proofness, requiring that truth-telling be a dominant strategy, is a standard concept in social choice theory. However, this concept has serious drawbacks. In particular, many strategy-proof mechanisms have multiple Nash equilibria, some of which produce the wrong outcome. A possible...
