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DEPARTMENT OF ECONOMICSStrategy-proof Cardinal Decision Schemes

By Bhaskar Dutta, Hans Peter and Arunava SenBhaskar Dutta, Hans Peters and Arunava Sen

Abstract

The classic results of Gibbard [6] and Satterthwaite [13] have shown that unless preferences are restricted, the only decentralized mechanism which induces truth-telling behaviour by individual agents is the dictatorial one. This impossibility result has induced a huge literature which analyzes the possibility of constructing strategy-proof mechanisms under various alternativ

Year: 2005
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