• Media type: E-Article
  • Title: One-dimensional mechanism design
  • Contributor: Moulin, Hervé [Author]
  • imprint: New Haven, CT: The Econometric Society, 2017
  • Language: English
  • DOI: https://doi.org/10.3982/TE2307
  • ISSN: 1555-7561
  • Keywords: D82 ; rationing ; strategyproof mechanisms ; Single-peaked preferences ; D71 ; voting ; D63 ; leximin ordering
  • Origination:
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  • Description: We prove a general possibility result for collective decision problems where individual allocations are one-dimensional, preferences are single-peaked (strictly convex), and feasible allocation profiles cover a closed convex set. Special cases include the celebrated median voter theorem (Black 1948, Dummett and Farquharson 1961) and the division of a nondisposable commodity by the uniform rationing rule (Sprumont 1991). We construct a canonical peak-only rule that equalizes, in the leximin sense, individual gains from an arbitrary benchmark allocation: it is efficient, group-strategyproof, fair, and (for most problems) continuous. These properties leave room for many other rules, except for symmetric nondisposable division problems.
  • Access State: Open Access