Published January 1996 | Version Submitted
Working Paper Open

Strategyproof Allocation of a Single Object

Creators

Abstract

The problem of allocating a single indivisible object to one of several selfish agents is considered, where monetary payments are not allowed, and the object is not necessarily desirable to each agent. It is shown that ordinality and positive responsiveness together are necessary and sufficient conditions for strategyproofness, which implies that efficient social choice functions are not strategyproof. However, any Pareto-optimal, ordinal social choice function is strategyproof. A Gibbard-Satterthwaite-type impossibility result is established for nonbossy mechanisms. Thus, the best the planner can do without monetary transfers is to give the object to an agent who desires it, but whose valuation of the object may not be the highest among the agents, using a mechanism that is either dictatorial or bossy. It is also shown that all strategyproof, nonbossy, and Pareto-optimal social choice functions are serial dictatorships.

Additional Information

I thank Kim C. Border, John O. Leclyarcl, Thomas R. Palfrey, and Simon Wilkie for helpful comments. Support from the Sloan Foundation is gratefully acknowledged.

Attached Files

Submitted - sswp936.pdf

Files

sswp936.pdf

Files (423.7 kB)

Name Size Download all
md5:c1bf25bfbe820118be0e7cd6faba6380
423.7 kB Preview Download

Additional details

Identifiers

Eprint ID
80588
Resolver ID
CaltechAUTHORS:20170817-161618129

Funding

Alfred P. Sloan Foundation

Dates

Created
2017-08-18
Created from EPrint's datestamp field
Updated
2019-10-03
Created from EPrint's last_modified field

Caltech Custom Metadata

Caltech groups
Social Science Working Papers
Series Name
Social Science Working Paper
Series Volume or Issue Number
936