On planning procedures which are locally strategy proof
Champsaur, Paul; Rochet, Jean-Charles (1983), On planning procedures which are locally strategy proof, Journal of Economic Theory, 30, 2, p. 353-369. http://dx.doi.org/10.1016/0022-0531(83)90112-6
TypeArticle accepté pour publication ou publié
Journal nameJournal of Economic Theory
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Abstract (EN)We consider planning procedures which generalize the MDP procedure in the sense that, at each step, the planning bureau asks the agents their marginal rates of substitution, and uses the answers to revise the previously announced feasible programme. Such a procedure is “locally strategy proof” if, at each step, answering one's true marginal rate of substitution is the best myopic strategy for each agent. We give a general characterization of the family of locally strategy proof procedures and study its neutrality properties.
Subjects / Keywordslocally strategy proof procedures
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