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Production economies with single peaked preferences: pareto optimal and strategy proof rules

Kıbrıs, Özgür and Tapkı, İpek Gürsel (2011) Production economies with single peaked preferences: pareto optimal and strategy proof rules. [Working Paper / Technical Report] Sabanci University ID:SU_FASS_2011/0004

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Abstract

We analyze production economies with a linear technology and single peaked preferences. We fi…rst characterize the class of Pareto optimal (allocation) rules. We then characterize the subclass that additionally satis…fies strategy proofness. Finally, we show that a uniform production rule uniquely satisfi…es Pareto optimality, strategy proofness, and equal treatment of equals. A similar result is obtained if equal treatment of equals is replaced with stronger fairness properties such as no-envy or anonymity. Our results can be applied to the problem of allocating central government funds among regional development agencies.

Item Type:Working Paper / Technical Report
Uncontrolled Keywords:production, single peakedness, Pareto optimality, strategy proofness, equal treatment of equals, no envy, regional development agencies
Subjects:H Social Sciences > HB Economic Theory
ID Code:17025
Deposited By:Özgür Kıbrıs
Deposited On:30 Sep 2011 09:54
Last Modified:30 Sep 2011 09:54

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