The limits of ex post implementation without transfers

IF 1.2 3区 经济学 Q3 ECONOMICS Theoretical Economics Pub Date : 2023-01-01 DOI:10.3982/te4915
Tangren Feng, Axel Niemeyer, Qinggong Wu
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引用次数: 1

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.
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不转移的事后执行的限制
我们研究了不能使用货币转移的集体决策问题中的事后执行。我们发现,如果底层环境既不是具有私有值的环境,也不是具有公共值的环境,则确定性的事后实现是不可能的。因此,当环境中同时存在偏好相互依赖和偏好异质性时,诸如信息鲁棒性等事后实现的理想特性就难以实现。
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来源期刊
CiteScore
2.40
自引率
5.90%
发文量
35
审稿时长
52 weeks
期刊介绍: Theoretical Economics publishes leading research in economic theory. It is published by the Econometric Society three times a year, in January, May, and September. All content is freely available. It is included in the Social Sciences Citation Index
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