On constant Maskin monotonic social choice functions (Q1096516)

From MaRDI portal
Revision as of 13:54, 18 June 2024 by ReferenceBot (talk | contribs) (‎Changed an Item)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
scientific article
Language Label Description Also known as
English
On constant Maskin monotonic social choice functions
scientific article

    Statements

    On constant Maskin monotonic social choice functions (English)
    0 references
    0 references
    1987
    0 references
    A social choice function satisfying a ``dual dominance'' condition is Maskin monotonic if and only if it is constant. Hence, any non-constant social choice function satisfying dual dominance is not Nash implementable. Among the important examples are all social choice functions on unrestricted domains. On the other hand, non-constant social choice functions such as a Walrasian performance function in economic environments need not satisfy dual dominance.
    0 references
    0 references
    Maskin monotonic
    0 references
    Nash implementable
    0 references
    unrestricted domains
    0 references
    dual dominance
    0 references
    0 references