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Implementation of individually rational social choice functions with guaranteed utilities

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  • Mealem, Yosef

Abstract

A simple mechanism is presented that allocates an indivisible object between two agents for almost any possible compensation rule. Furthermore, the equilibrium strategy guarantees a level of utility not less than -[epsilon], where [epsilon] can be arbitrarily small.

Suggested Citation

  • Mealem, Yosef, 2011. "Implementation of individually rational social choice functions with guaranteed utilities," Economics Letters, Elsevier, vol. 112(2), pages 165-167, August.
    • Handle: RePEc:eee:ecolet:v:112:y:2011:i:2:p:165-167
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    References listed on IDEAS

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    1. Jackson, Matthew & Moulin, Hervé, 1992. "Implementing a public project and distributing its cost," Journal of Economic Theory, Elsevier, vol. 57(1), pages 125-140.
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    11. Mutuswami, Suresh & Winter, Eyal, 2004. "Efficient mechanisms for multiple public goods," Journal of Public Economics, Elsevier, vol. 88(3-4), pages 629-644, March.
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