Title

Inefficiency of Strategy-Proof Allocation Mechanisms in Pure Exchange Economies

Authors

Lin Zhou

Document Type

Discussion Paper

Publication Date

9-1-1990

CFDP Number

954

CFDP Pages

11

Abstract

In this paper I prove that in the standard model of 2 times n ( n > 2) pure exchange economies there is no allocation mechanism that is efficient, non-inversely-dictatorial, and strategy-proof. This strengthens two previous results on this subject by Hurwicz and by Dasgupta, Hammond, and Maskin.

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