Social Choice and Welfare

, Volume 8, Issue 3, pp 247–254

Inefficiency of strategy-proof allocation mechanisms in pure exchange economies

  • Lin Zhou
Article

Abstract

In this paper I prove that in the standard model of 2×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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Copyright information

© Spring-Verlag 1991

Authors and Affiliations

  • Lin Zhou
    • 1
  1. 1.Cowles FoundationYale UniversityNew HavenUSA

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