Artikel
One-dimensional mechanism design
We prove a general possibility result for collective decision problems where individual allocations are one-dimensional, preferences are single-peaked (strictly convex), and feasible allocation profiles cover a closed convex set. Special cases include the celebrated median voter theorem (Black 1948, Dummett and Farquharson 1961) and the division of a nondisposable commodity by the uniform rationing rule (Sprumont 1991). We construct a canonical peak-only rule that equalizes, in the leximin sense, individual gains from an arbitrary benchmark allocation: it is efficient, group-strategyproof, fair, and (for most problems) continuous. These properties leave room for many other rules, except for symmetric nondisposable division problems.
- Sprache
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Englisch
- Erschienen in
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Journal: Theoretical Economics ; ISSN: 1555-7561 ; Volume: 12 ; Year: 2017 ; Issue: 2 ; Pages: 587-619 ; New Haven, CT: The Econometric Society
- Klassifikation
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Wirtschaft
Equity, Justice, Inequality, and Other Normative Criteria and Measurement
Social Choice; Clubs; Committees; Associations
Asymmetric and Private Information; Mechanism Design
- Thema
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Single-peaked preferences
strategyproof mechanisms
leximin ordering
voting
rationing
- Ereignis
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Geistige Schöpfung
- (wer)
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Moulin, Hervé
- Ereignis
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Veröffentlichung
- (wer)
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The Econometric Society
- (wo)
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New Haven, CT
- (wann)
-
2017
- DOI
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doi:10.3982/TE2307
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
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Objekttyp
- Artikel
Beteiligte
- Moulin, Hervé
- The Econometric Society
Entstanden
- 2017
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