Back to Search Start Over

The limits of ex post implementation without transfers.

Authors :
Feng, Tangren
Niemeyer, Axel
Wu, Qinggong
Source :
Theoretical Economics; May2023, Vol. 18 Issue 2, p463-479, 17p
Publication Year :
2023

Abstract

We study ex post implementation in collective decision problems where monetary transfers cannot be used. We find that deterministic ex post implementation is impossible if the underlying environment is neither almost an environment with private values nor almost one with common values. Thus, desirable properties of ex post implementation such as informational robustness become difficult to achieve when preference interdependence and preference heterogeneity are both present in the environment. [ABSTRACT FROM AUTHOR]

Subjects

Subjects :
STATISTICAL decision making

Details

Language :
English
ISSN :
15557561
Volume :
18
Issue :
2
Database :
Complementary Index
Journal :
Theoretical Economics
Publication Type :
Academic Journal
Accession number :
163742570
Full Text :
https://doi.org/10.3982/TE4915