[go: up one dir, main page]
More Web Proxy on the site http://driver.im/
  EconPapers    
Economics at your fingertips  
 

A general impossibility theorem and its application to individual rights

Jianxin Yi and Yong Li

Mathematical Social Sciences, 2016, vol. 81, issue C, 79-86

Abstract: In this paper, we generalize Green and Laffont’s (1979) impossibility theorem to the following form: in quasi-linear environments, when the set of each agent’s types is sufficiently rich, we cannot find mechanisms that allow bounded deviations from the decisive efficiency, incentive compatibility and budget-balance at the same time. Hence, it is impossible to find an incentive compatible mechanism with minimum social welfare losses. Furthermore, we discuss the compatibility problems between incentive and individual rights in a quasi-linear environment (see Sen, 1970a,b; Deb et al., 1997). Specifically, some new impossibility results are established.

Date: 2016
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0165489616300166
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:matsoc:v:81:y:2016:i:c:p:79-86

DOI: 10.1016/j.mathsocsci.2016.03.009

Access Statistics for this article

Mathematical Social Sciences is currently edited by J.-F. Laslier

More articles in Mathematical Social Sciences from Elsevier
Bibliographic data for series maintained by Catherine Liu ().

 
Page updated 2024-12-28
Handle: RePEc:eee:matsoc:v:81:y:2016:i:c:p:79-86