Asymptotic efficiency of the pivotal mechanism with general project space

DOI10.1016/0022-0531(83)90080-7zbMath0529.90013OpenAlexW1974138037MaRDI QIDQ787834

Toshihide Mitsui

Publication date: 1983

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0022-0531(83)90080-7

zbMATH Keywords

asymptotic efficiencypivotal mechanismgovernment surplusmeasure of inefficiency

Mathematics Subject Classification ID

Economic growth models (91B62) General equilibrium theory (91B50)

Related Items (5)

No externalities: a characterization of efficiency and incentive compatibility with public goods ⋮ Vickrey-Clarke-Groves mechanisms in continuum economies. Characterization and existence ⋮ Domain expansion of the pivotal mechanism ⋮ Asymptotically strategy-proof Walrasian exchange ⋮ Simple strategy-proof approximately Walrasian mechanisms

Cites Work

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• Asymptotic efficiency of the demand revealing mechanism
• Convergence of weighted sums of tight random elements
• On the Nonexistence of a Dominant Strategy Mechanism for Making Optimal Public Decisions
• Groves' Scheme on Restricted Domains

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