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Persistent link: https://www.econbiz.de/10010395635
In this paper, virtual implementation is restricted so that only a socially optimal outcome or some fixed outcome (a status quo) can be delivered on the equilibrium path. Under such a restriction, any unanimous and implementable social choice function is almost-dictatorial. That is, there is an...
Persistent link: https://www.econbiz.de/10013089565