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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

Type
Article accepté pour publication ou publié
Date
1983
Journal name
Journal of Economic Theory
Volume
30
Number
2
Publisher
Elsevier
Pages
353-369
Publication identifier
Metadata
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Author(s)
Champsaur, Paul
Rochet, Jean-Charles
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 / Keywords
locally strategy proof procedures