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The Limits of Ex Post Implementation without Transfers

Authors :
Feng, Tangren
Niemeyer, Axel
Wu, Qinggong
Feng, Tangren
Niemeyer, Axel
Wu, Qinggong
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.

Details

Database :
OAIster
Notes :
English
Publication Type :
Electronic Resource
Accession number :
edsoai.on1363075045
Document Type :
Electronic Resource